Foreign Direct Investment and Economic Development [electronic resource]: Lessons from Six Emerging Economies / Organisation for Economic Co-operation and Development

Format:

Book

Government document

Author/Creator:

Organisation for Economic Co-operation and Development.

Contributor:

Organisation for Economic Co-operation and Development, Content Provider.

Language:

English

Subjects (All):

Finance and Investment.

Investments, Foreign--Southeast Asia.

Investments, Foreign.

Investments, Foreign--Latin America.

Local Subjects:

Finance and Investment.

Physical Description:

1 online resource (110 p. ) ill..

Place of Publication:

Paris : OECD Publishing, 1998.

Language Note:

English

Summary:

This study examines the link between FDI and development in six dynamic non-Member economies: Argentina, Brazil, Chile, Indonesia, Malaysia and the Philippines. These countries have all adopted different policies towards FDI in the past, but to a great extent they are all converging on a more open approach. This greater openness, and the overall economic reforms of which FDI liberalisation is but one part, will provide a more fertile environment in which to reap the potential benefits from FDI. FDI can play a key role in improving the capacity of the host country to respond to the opportunities offered by global economic integration, a goal increasingly recognised as one of the key aims of any development strategy. In an environment made more competitive by a decade of economic reforms, many restrictions to FDI in these host countries are at best ineffective and at worst counter-productive.

Contents:

EXECUTIVE SUMMARY

INTRODUCTION: General characteristics of the countries in this study

I. FDI TRENDS IN SOUTHEAST ASIA AND SOUTH AMERICA

Characteristics of FDI in each region

Motives for investment decisions

II. REGIONAL INTEGRATION

III. PRIVATISATION AND INFRASTRUCTURE DEVELOPMENT

Trends in privatisation

Foreign participation in privatisation

FDI and the gains from privatisation

FDI and infrastructure development

IV. COMPARISON OF FDI POLICIES

Screening

Sectoral restrictions

Other restrictions

Conclusion

V. FINANCIAL SECTOR LIBERALISATION

VI. THE ROLE OF TRADE REFORM

VII. FOREIGN DIRECT INVESTMENT AS AN ENGINE OF GROWTH AND STRUCTURAL TRANSFORMATION

FDI and host country exports

FDI and the balance of payments

FDI and host country employment

Technology transfer

CONCLUSION

BIBLIOGRAPHY

Annex 1. FDI LEGISLATION IN ARGENTINA, BRAZIL, CHILE, INDONESIA, MALAYSIA AND THE PHILIPPINES

Annex 2. SUMMARIES OF THE COUNTRY STUDIES OF ARGENTINA, BRAZIL, CHILE, INDONESIA, MALAYSIA AND THE PHILIPPINES

Argentina

Policy reform and investment growth in the 1990s

Argentina’s resurgence: the role of foreign MNEs

Brazil

Chile

Indonesia

Malaysia

The Philippines

Further scope for reform

Notes:

Bibliographic Level Mode of Issuance: Monograph

ISBN:

1-280-03312-6

9786610033126

92-64-16298-4

OCLC:

1024278828