Foreign Direct Investment and the World Economy
By (author) Ashoka Mody
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Foreign Direct Investment and the World Economy by Ashoka Mody
Book DescriptionAsking the question of whether Foreign Direct Investment (FDI) is 'integrating' the world economy, this comprehensive volume consists of an overview of current FDI research. While the term 'integrating' is often used, the real test should be whether FDI is instrumental in bringing per capita incomes across countries closer together. By this yardstick, the answer is no. The forces driving FDI are strong; they lead it to flow to countries with attractive investment conditions and, moreover, investors have a tendency to follow each other. It is in such settings that FDI appears to have the most beneficial effect in raising growth. Written by an authority in this area, Ashoka Mody, this book will greatly appeal to all international and development economists.
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Book DetailsISBN: 9780415701921
(234mm x 156mm x 20mm)
Publisher: Taylor & Francis Ltd
Publish Date: 1-Feb-2005
Country of Publication: United Kingdom
Books By Author Ashoka Mody
Macroeconomic Policies and Poverty, Paperback (October 2013)View all books by Ashoka Mody
Dealing with the institutional characteristics of poverty resulting from the time pattern of aid, this work discusses the nature of financial systems and the political economy of budgetary decisions.
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Author Biography - Ashoka Mody
Ashoka Mody is Assistant Director at the European Department, International Monetary Fund.
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