Making the most of FDI for development: "New" industrial policy and FDI deepening for industrial upgrading / Stephen R. Buzdugan and Heinz Tüselmann.

Format:

Book

Government document

Author/Creator:

Buzdugan, Stephen R., author.

Contributor:

Tüselmann, Heinz.

Language:

English

Subjects (All):

Economic and Social Development.

International Trade and Finance.

Local Subjects:

Economic and Social Development.

International Trade and Finance.

Physical Description:

1 online resource (21 pages)

Contained In:

Transnational Corporations Vol. 25, no. 1, p. 1-21 25:1<1 2076099X

Place of Publication:

New York : United Nations, 2018.

System Details:

data file

Summary:

This article examines the theoretical and empirical links between a new generation of industrial policy, which is rapidly emerging as a dominant paradigm in development economics, and foreign direct investment (FDI). It finds that thus far, the theoretical role of FDI in "new" industrial policy has been vague, despite openness to FDI being one of the characteristics which sets it apart from an "old" generation of industrial policy, which advocated protectionism. Based on primary and secondary research, the article argues that a set of interventions into the economies of low- and lower-middle-income countries combined with an in-depth understanding of the complex interactions involved in TNC subsidiary upgrading, the internationalization processes within TNCs, and TNC strategies and objectives on the part of policymakers, offers such countries the opportunity to maximize the benefits of FDI and move further up in global value chains.

Notes:

Title from title screen (viewed May 1, 2017).

Access Restriction:

Restricted for use by site license.