1st Edition

Foreign Direct Investment, Democracy and Development Assessing Contours, Correlates and Concomitants of Globalization

By Indra de Soysa Copyright 2003
    176 Pages
    by Routledge

    172 Pages
    by Routledge

    The effects of globalization on economy and society are highly contested subjects in academic and political arenas. This study brings an empirical perspective to the crucially important arguments that encapsulate the major debates in this area. Using quantitative data, this book addresses the shape and degree of internationalisation by focussing on the impact of Foreign Direct Investment (FDI) and democracy on economic development and the effects of economic internationalisation on democracy.

    The author examines democracy's effects on economic growth and considers the claim that foreign capital has a detrimental effect on democracy to show that FDI in fact plays a supporting role for democracy and creates higher growth rates than domestic capital. From these results the author suggests that policy makers should seek to encourage globalization by ensuring open access to products from poorer countries, encouraging private investment within poorer countries and that such countries should concentrate on building up human and institutional capital to attract investment.

    Chapter 1 The Contours of Globalization Chapter 2 Globalization and Development: Theory Old and New Chapter 3 Globalization and Growth Empirics Chapter 4 Democracy and Growth: Theory Old and New Chapter 5 Empirics of Democracy and Growth and Growth of Democracy Chapter 6 Assessing Globalization's Correlates and Concomitants


    Indra de Soysa