num_pages: 272
description: This book engages the question hotly debated among theorists and policymakers alike of how a developing country's pursuit of foreign direct investment (FDI) affects its development prospects in a globalized world. Can small latecomers to economic development use high-tech FDI to rapidly expand indigenous capabilities thus shortcutting stages of the industrialization process? What conditions economic and non-economic must be met for this strategy to succeed? Using the cases of Ireland and Costa Rica the author shows how the dynamics of the FDI-development nexus have changed over time rendering problematic Costa Rica's attempt and those of other latecomers to replicate the Celtic Tiger's success story.
language: English
title: Foreign Investment, Development, and Globalization: Can Costa Rica Become Ireland?
publisher: Palgrave Macmillan