Title: Foreign investment, development, and globalization : can Costa Rica become Ireland? /
Authors: Paus, Eva.
Publisher: Palgrave Macmillan,
Year: 2005
Subjects: Investments, Foreign Ireland.; International business enterprises Ireland.; Investments, Foreign Costa Rica.; International business enterprises Costa Rica.; High technology industries.; Globalization.; BUSINESS & ECONOMICS Investments & Securities General.; Development economics.; Economics.; Globalization; High technology industries; International business enterprises; International relations.; Investments, Foreign; Political economy.
Abstract: "Foreign Investment, Development, and Globalization: Can Costa Rica Become Ireland? clearly identifies some of the key factors that determine whether small latecomers to economic development (SLCs) will or will not succeed in today's global economy. Focusing on high-tech foreign direct investment, Eva Paus shows that it promotes long-term development gains only if SLCs possess or can develop the particular capabilities that match transnational corporations' strategic interests in their expansion of global production networks. Using Ireland and Costa Rica as case studies, Paus theoretically and empirically argues that unless SLCs can summon the political will and economic resources necessary to address pervasive market failures, foreign direct investment will not advance SLCs' knowledge-based assets, upon which development ultimately depends." "Moving beyond academic theory, Paus relies on extensive empirical research including interviews with government policy-makers and corporate decision-makers to reveal the complex web of contingencies that will determine the economic future of small countries. Her book's combination of theoretical heterodoxy, comparative empirical analysis, and original research is an important contribution to our understanding of the FDI-development nexus."--BOOK JACKET.
Contents: Foreign direct investment in the global age : new opportunities for development? -- High-tech FDI-led growth in small latecomers : an analytical framework -- The rise of the Celtic tiger -- The development of knowledge-based assets in Ireland -- From coffee to computers : high-tech FDI in Costa Rica -- The Tico tiger that hasn't -- Lessons from Ireland and Costa Rica.