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Understanding Fdi-assisted Economic Development by Rajneesh Narula, Sanjaya Lall is a book available to read on EtoBox.

What is Understanding Fdi-assisted Economic Development about?

It is well accepted now that economic growth and development are highly dependent on improving not just the availability of capital, but also the technological capabilities, infrastructure and resources available to (and internalized by) firms, individuals and institutions in any country. <p>Over the last two decades or so, there has been a significant shift away from a inward-looking, import-substituting approach towards a more outward-looking, export-oriented policy orientation. The reasons for this shift are complex, but have to do with developments associated with globalization, trade and debt deficits faced by IS-driven economies, as well as the acknowledged success of the Asian newly industrialized economies (NIEs) in technological and economic 'leapfrogging' within an outward-oriented approach. One of the key features of policy liberalization is the need to attract foreign direct investment (FDI) as a means to acquire or improve technological capabilities through multinational enterprise (MNE) activity.</p> <p>The role of the MNE as an additional source of capital and technology is one of the key features of this new openness, as alternative sources of capital have become sc

Author

Rajneesh Narula, Sanjaya Lall

Publisher

Routledge, Taylor & Francis Group

Published

2006

Language

EN

ISBN

9780415568371

Subjects

Economics, Finance, Language Learning