Putting it to Work in Developing Countries - Nathan Associates

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Resource and Availability UNCTAD. 2001. The World of Investment Promotion at a Glance—A survey of investment promotion best practices. ASIT/UNCTADAdvisory Studies, No. 17. Description Provides an overview of best practices in investment promotion. Foreign Investment Impact Aitken, Brian, G. Hanson, and A. Harrison. 1997. Spillovers, Investigates the hypothesis that Foreign Investment and Export Behavior. Journal of International multinational companies are export Economics. 43:103-132. catalysts. Uses panel data for 1986-1990 for 2,104 Mexican manufacturing plants. Aitken, Brian, and A. Harrison. 1999. Do Domestic Firms Benefit Uses panel regressions of more than 4,000 from Foreign Direct Investment The American Economic Review. Venezuelan plants between 1976 and 1989 89(3): 605-618. to investigate backward and forward linkage effects and spillovers in the same industry. Anderson, Jock, Howard Barnum, Pedro Belli, John Dixon, and Jee Peng Tan. 2001. Economic Analysis of Investment Operations: Analytical Tools and Practical Applications. World Bank. Available for purchase at http://publications.worldbank.org/ ecommerce/catalog/product-detailproduct_id=219123& Bende-Nabende, Anthony. 1998. A Static Analysis of the Impact of FDI on the Host Developing Countries’ Economic Growth: A Case for the ASEAN-5 Economies. Presented at the ESRC Conference “Finance and Development,” Birmingham, UK, September 7-8, 1998. Mimeo. Blomstrom, Magnus, and Ari Kokko. 1996. The Impact of Foreign Investment on Host Countries: A Review of the Empirical Evidence. Policy Research Working Paper 1745. Washington DC: World Bank. Available at http://econ.worldbank.org/docs/739.pdf Combines theory and practice and provides methodologies for project analysis and evaluation. Investigates whether FDI has spillover effects that have led to economic growth in ASEAN-5 economies. Reviews theoretical and empirical literature on employment, human capital formation, technology transfer, and growth. Reviews empirical evidence of effects of FDI on host countries. Borenzstein, Eduardo, Jose De Gregorio, and Jong-Wha Lee. 1998. Investigates effect of FDI on economic How does Foreign Direct Investment Affect Economic Growth growth in a cross-country regression Journal of International Economics. 45:115-135. framework using FDI flow data to 69 developing countries for 1970-1989. Broadman, Harry, G., 2006. Africa’s Silk Road, China and India’s New Economic Frontier (Advance Edition), Washington, DC: World Bank. Broadman, Harry G., (ed.). 2005. From Disintegration to Reintegration, Eastern Europe and the Former Soviet Union in International Trade, Washington DC: World Bank Caves, Richard. 1999. Spillovers from Multinationals in Developing Countries: The Mechanisms at Work. Working Paper 247. Michigan: William Davidson Institute. Available at http://eres.bus.umich.edu/docs/workpap-dav/wp247.pdf Reviews and analyzes the role of trade and FDI from China and India in Africa, including policy reforms required to attract FDI and improve linkages between FDI and trade flows. Reviews and analyzes the role of trade and FDI in reintegrating the former Soviet Union and Eastern Europe into international trading system, including policy reforms required to attract additional FDI and to improve linkages between FDI and trade flows. Reviews theoretical and empirical literature on spillovers. B-6
Resource and Availability De Melo, Luiz R. Jr. 1999. Foreign Direct Investment–led Growth: Evidence from Time Series and Panel Data. 1999. Oxford Economic Papers 51(1). Ekholm, Karolina, Rikard Forslid and James Markusen 2003. Export-Platform Foreign Direct Investment. NBER Working Paper No. w9517. To order, go tohttp://papers.nber.org/papers/W9517 Graham, Edward M. (ed). 2005. Multinational and Foreign Investment in Economic Development. New York: Palgrave Macmillan and International Economics Association. Hoekman, Bernard, and Beata Smarzynska Javorcik (eds.) 2006. Global Integration & Technology Transfer. Washington DC: World Bank and Palgrave Macmillan. Kokko, Ari. 1996. Productivity Spillovers from Competition BetweenLocal Firms and Foreign Affiliates. Journal of International Development 8(4): 517-530. Lall, Sanjaya. 1980. Vertical Interfirm Linkages in LDCs: An Empirical Study. Oxford Bulletin of Economics and Statistics. 42:203-226. Lall, Sanjaya and Paul Streeten. 1977. Foreign Investment, Transnationals, and Developing Countries. Boulder, Colorado: Westview Press. Moran, Theodore. 2006. Harnessing Foreign Direct Investment for Development. Washington DC: Center for Global Development. Available at: http://www.cgdev.org/content/publications/detail/12044 Description Tests hypothesis of increasing returns due to FDI in five Latin American economies. Findings suggest that variables in the recipient country’s trade regime affect FDI and growth in the long run. Theoretical analysis of phenomenon of export-platform FDI, in which the affiliate’s products are exported to a third market (as opposed to host or parent country). Papers from the 13th Congress of the International Economic Association in Lisbon Portugal, 2002. Papers (by Graham, Kumar and Pradhan, Agrawal, Castilho and Zignago, De Gregorio and S. Gupta, and others) examine FDI trends and impacts in South Asia, China, Latin America and Africa, covering such issues as externalities, spillovers, and why more FDI does not flow to the developing world. Articles by Saggi, Tybout, Kraay, Djankov and Hoekman, Javorcik, Lederman and Maloney, and others on lessons from empirical research on international technology diffusion through trade and FDI. Tests for productivity spillovers resulting from competition between local firms and foreign affiliates in the Mexican manufacturing sector. Investigates microeconomic determinants of backward linkages of India’s two main truck manufacturers (one majority foreignowned, the other majority domesticowned), and their suppliers. Cost-benefit analysis of effects of 88 foreign and locally owned projects on national income in six developing countries. Builds on earlier work to set forth the impacts of FDI on development—both good and bad—for manufacturing industry and for extractive sectors. Good outline of how countries have or have not harnessed FDI, including investment promotion, linkage-building, and worker rights. B-7
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FOREIGN DIRECT INVESTMENT PUTTING I
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Sponsored by USAID’s Bureau of Ec
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5. Attracting FDI 55 What Foreign I
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PREFACE Trade and foreign direct in
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• Strengthening competition and e
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15 years is mixed at the industry l
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asis of careful country-by-country
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esources, including Internet addres
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Figure 1-1 Net Total Resource Flows
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Singapore’s Rise and FDI Througho
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FDI BY FINANCIAL COMPONENT A foreig
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2. THE CASE FOR FDI International b
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The Global Factory—Catalyst for E
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countries through mergers and acqui
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conditions and policies in host cou
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labor market structure and flexibil
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and distributors and to invest in e
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3. TRENDS AND PATTERNS IN FDI FLOW
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3. A wave of international corporat
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undo improvements in investment cli
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Table 3-2 Top Developing Country Re
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Three Global Variables in FDI Flows
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help maintain and perhaps even add
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shot up to almost $16 billion in 20
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tions and finance, including recent
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Table 4-1 Sector Distribution of Es
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Table 4-2 Estimated Developing Coun
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Figure 4-2 Selected Service Industr
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traditional clients more cost-effec
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Figure 4-5 Selected Manufacturing I
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countries or the Morocco-U.S. FTA w
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PRIVATE INFRASTRUCTURE DEMAND Robus
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eported to be a source of FDI throu
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But, in addition to these commercia
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Exhibit 5-1 Selected Investment Sco
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Exhibit 5-2 Selected Investment Cli
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Ultimately, governments must make f
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expedite approvals. Otherwise the a
Page 82 and 83: Where governments deem incentives n
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Page 87 and 88: 6. INTERNATIONAL AGREEMENTS AND INS
Page 89 and 90: FREE TRADE AND REGIONAL INTEGRATION
Page 91 and 92: 1998. 11 But many advocates, partic
Page 93 and 94: Encouraging Local Supply Links: Car
Page 95 and 96: International Finance Corporation.
Page 97: specific decisions to invest but do
Page 100 and 101: 4. Some FDI already flows to every
Page 102 and 103: following priorities recognize thos
Page 104 and 105: on creating regulatory systems that
Page 107 and 108: ENDNOTES CHAPTER 1 1 United Nations
Page 109 and 110: in Empirical FDI Studies,” in Doe
Page 111 and 112: 25 See Koji Miyamoto, “Human Capi
Page 113 and 114: 5 WIR 2004, p. 150, for a descripti
Page 115 and 116: Countries—The Importance of ICT a
Page 117 and 118: equirement to export a certain prop
Page 119: APPENDIX A Data on FDI Flows and St
Page 122 and 123: Table A-2 Estimated Value of Inward
Page 124 and 125: Table A-3 Estimated Distribution of
Page 126 and 127: Table A-4 Developing Countries' Sha
Page 128 and 129: Resource and Availability UNCTAD. 2
Page 130 and 131: Resource and Availability Descripti
Page 134 and 135: Resource and Availability Moran, Th
Page 136 and 137: Resource and Availability World Ban
Page 138 and 139: Business linkages. Supplier-produce
Page 140 and 141: Investment promotion agency (IPA).
Page 142 and 143: Subnational investment promotion. A
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Putting it to Work in Developing Countries - Nathan Associates

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