Foreign Direct Investment and Economic Development [electronic resource]: Lessons from Six Emerging Economies /
Organisation for Economic Co-operation and Development.
Organisation for Economic Co-operation and DevelopmentContributor
Organisation for Economic Co operation and DevelopmentContent Provider
Organisation for Economic Co-operation and DevelopmentContent Provider
Paris : OECD Publishing,
1998.
This study examines the link between FDI and development in six dynamic non-Member economies: Argentina, Brazil, Chile, Indonesia, Malaysia and the Philippines. These countries have all adopted different policies towards FDI in the past, but to a great extent they are all converging on a more open approach. This greater openness, and the overall economic reforms of which FDI liberalisation is but one part, will provide a more fertile environment in which to reap the potential benefits from FDI. FDI can play a key role in improving the capacity of the host country to respond to the opportunities offered by global economic integration, a goal increasingly recognised as one of the key aims of any development strategy. In an environment made more competitive by a decade of economic reforms, many restrictions to FDI in these host countries are at best ineffective and at worst counter-productive.
EXECUTIVE SUMMARY -- INTRODUCTION: General characteristics of the countries in this study -- I. FDI TRENDS IN SOUTHEAST ASIA AND SOUTH AMERICA -- Characteristics of FDI in each region -- Motives for investment decisions  -- II. REGIONAL INTEGRATION -- III. PRIVATISATION AND INFRASTRUCTURE DEVELOPMENT -- Trends in privatisation -- Foreign participation in privatisation -- FDI and the gains from privatisation -- FDI and infrastructure development -- IV. COMPARISON OF FDI POLICIES -- Screening  -- Sectoral restrictions  -- Other restrictions -- Conclusion  -- V. FINANCIAL SECTOR LIBERALISATION -- VI. THE ROLE OF TRADE REFORM -- VII. FOREIGN DIRECT INVESTMENT AS AN ENGINE OF GROWTH AND STRUCTURAL TRANSFORMATION -- FDI and host country exports  -- FDI and the balance of payments -- FDI and host country employment -- Technology transfer -- Conclusion  -- CONCLUSION -- BIBLIOGRAPHY -- Annex 1. FDI LEGISLATION IN ARGENTINA, BRAZIL, CHILE, INDONESIA, MALAYSIA AND THE PHILIPPINES -- Annex 2. SUMMARIES OF THE COUNTRY STUDIES OF ARGENTINA, BRAZIL, CHILE, INDONESIA, MALAYSIA AND THE PHILIPPINES -- Argentina  -- Policy reform and investment growth in the 1990s -- Argentina’s resurgence: the role of foreign MNEs -- Conclusion -- Brazil  -- Chile  -- Indonesia -- Malaysia -- The Philippines -- Further scope for reform 
This study examines the link between FDI and development in six dynamic non-Member economies: Argentina, Brazil, Chile, Indonesia, Malaysia and the Philippines. These countries have all adopted different policies towards FDI in the past, but to a great extent they are all converging on a more open approach. This greater openness, and the overall economic reforms of which FDI liberalisation is but one part, will provide a more fertile environment in which to reap the potential benefits from FDI. FDI can play a key role in improving the capacity of the host country to respond to the opportunities offered by global economic integration, a goal increasingly recognised as one of the key aims of any development strategy. In an environment made more competitive by a decade of economic reforms, many restrictions to FDI in these host countries are at best ineffective and at worst counter-productive.
Bibliographic Level Mode of Issuance: Monograph
Finance and Investment
Investments, Foreign
Investments, Foreign
Finance
Business & Economics
Investment & Speculation