Foreign Direct Investment and the World Economy

By Ashoka Mody

© 2007 – Routledge

272 pages | 30 B/W Illus.

Purchasing Options:
Paperback: 9780415654876
pub: 2014-01-10
US Dollars$54.95
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Hardback: 9780415701921
pub: 2006-12-07
US Dollars$170.00
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About the Book

Asking the question of whether Foreign Direct Investment (FDI) is 'integrating' the world economy, this comprehensive volume consists of an overview of current FDI research. While the term 'integrating' is often used, the real test should be whether FDI is instrumental in bringing per capita incomes across countries closer together. By this yardstick, the answer is no. The forces driving FDI are strong; they lead it to flow to countries with attractive investment conditions and, moreover, investors have a tendency to follow each other. It is in such settings that FDI appears to have the most beneficial effect in raising growth.

Written by an authority in this area, Ashoka Mody, this book will greatly appeal to all international and development economists.

Table of Contents

1. Is FDI Integrating the World Economy? 2. International Investment Location Decisions: the Case of U.S. Firms 3. U.S. and Japanese Investors: Do the March to the Same Tune? 4. Private Information for Foreign Investment in Emerging Economies 5. The Global Disconnect: The Role of Transactional Distance and Scale Economies in Gravity Models 6. Japanese Multinationals in Asia: Drivers and Attractors 7 Explaining Industrial Growth in Coastal China: Economic Reforms…and What Else? 8. Growing Up with Capital Flows 9. How Foreign Participation and Market Concentration Impact Bank Spreads: Evidence from Latin America 10. The Role of Cross-Border Mergers and Acquisitions in Asian Restructuring

About the Author

Ashoka Mody is Assistant Director at the European Department, International Monetary Fund.

About the Series

Routledge Studies in the Modern World Economy

In an increasingly interdependent world, many of the most important issues are driven by economic forces. This series applies newly developed economic techniques to some of the most pressing contemporary problems. The aim of the series is to demonstrate the relevance of modern economic theory to the modern world economy, and to provide key reading for researchers and policy-makers.

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Subject Categories

BISAC Subject Codes/Headings:
BUS036000
BUSINESS & ECONOMICS / Investments & Securities
BUS069000
BUSINESS & ECONOMICS / Economics / General
POL023000
POLITICAL SCIENCE / Economic Conditions