This paper presents evidence on whether multinationals are flocking to developing country "pollution havens". We begin with data from four developing countries, examining the pattern of foreign investment in Mexico, Venezuela, Morocco and Cote d'Ivoire. We find almost no evidence that foreign investors are concentrated in "dirty" sectors. We then examine the behavior of multinationals located i...

We examine the portfolio turnover of mutual funds from 29 countries across the world and for the period 1999 to 2004. Our results indicate that turnover in foreign securities is higher in the countries that are less developed, have less investor protection, have lower information disclosure standard, and are less familiar to the fund managers. The negative relationship between turnover in forei...

Foreign Direct Investmentplays a crucial role in the economy of developing countries like Bangladesh through accelerating Gross Domestic Product (GDP), export and domestic investment followed by overall economic growth. The present scenario of FDI in Bangladesh in not still satisfactory enough but given the availability of abundant resources, skilled and cheap labor forces, a stable political a...

Since their independence in 1991 Estonia, Latvia and Lithuania have struggled to transform into market-oriented economies. During a decade, the Baltic countries have accomplished an impressive reorientation of foreign trade, and today the EU represents the most important trading partner of the Baltics. However, foreign trade is still far from fully developed, which leaves opportunities for new ...

This article summarizes to some extent the predominating Marxist and structuralist schools explanations of the international poverty trap. It also looks at more recent theoretical contributions to this topic, for instance lack of knowledge in underdeveloped countries. For several decades, rich countries tried to give some public assistance to poorer ones, to give them an initial momentum for th...

The aim of this paper is to analyse the impact of Foreign Direct Investment (FDI) on firm productivity using an establishment-level panel of Spanish manufacturing industry that spans the period 1990-1994. The key question concerns the elements that enable domestic firms to capture the positive spillovers associated with the presence of foreign firms. We use Research and Development (R&D) expend...

In the past twenty years, both gross and net capital flows have increased to unprecedented levels (see Lane and Milesi-Ferretti b, 2006). In industrialized countries, this has been the case for both stocks and bonds. One consequence of this period of financial integration is that gross financial positions now exceed 100% of GDP in several industrialized countries. This also means that differenc...

the foreign direct investment is a growth and development factor. today majority of countries will attract foreign capitals. but multinational companies perform investment in the political stability conditions. the political risk is dissuasive factor for foreign direct investment. in such qualification can suitable “political risk insurance” and help to developing countries for attract foreign ...