Foreign investment multinational companies and economic development

Foreign direct investment and economic development

Although transnational corporations play the crucial role as transplanters of technology, skills and access to the world market, how they facilitate structural upgrading and economic growth in developing countries has not been adequately conceptualized in terms of a theory of economic development. This article develops a dynamic paradigm o TNC-assisted development by recognizing five key struct...

Foreign Direct Investment and the Multinational Enterprise

Foreign Direct Investment and Japanese Economic Development, 1899-1931

Too often accounts of the economic development of Japan underrate the impact of foreigners. Through statement or omission, for example, much of the literature on modern Japanese economic development attaches little significance to foreign direct investment (FDI) in that country's growth process. William Lockwood, the noted economic historian of Japan, concluded in one study that: "Except in the...

Foreign direct investment and local economic development : beyond productivity spillovers

We investigate how multinational companies can foster economic development of the host country at the micro level. Traditionally the empirical literature measuring spillovers to the host economy arising from foreign direct investment has focused on productivity spillovers, i.e., technological externalities. In this paper we emphasise that pecuniary externalities from multinationals can also be ...

The Chinese Diaspora, Foreign Investment and Economic Development in China

The opening of China to the capitalist world after 1979 was done in a spatial sequence designed to mobilize the resources of the overseas Chinese, with the Special Economic Zones located in the key areas of migrant origins. Including the ‘compatriots’ (tongbao) of Hong Kong, Macao and Taiwan, the great majority of foreign direct investment in China has come from the Chinese diaspora. Local deve...