Financial-sector foreign direct investment and host countries
Subtitle: new and old lessons
By: Linda Goldberg.
Contributors: Federal Reserve Bank of New York.
Series: Staff reports ;; no. 183; Staff reports (Federal Reserve Bank of New York : Online) ;; no. 183.
Publisher: Federal Reserve Bank of New York
Published: 2004
Place of publication: [New York, N.Y.]
Language: eng
Format: Electronic resource
Subjects: Investments, Foreign -- Developing countries.
Description: "Many of the lessons from foreign direct investment (FDI) research on manufacturing and extractive resource industries are applicable to FDI research on the financial sector.  This paper summarizes the main findings and policy themes of FDI research, with a primary focus on the implications of FDI for host countries, especially emerging market economies.  I review evidence of technology transfers, productivity spillovers, wage effects, macroeconomic growth, and fiscal and tax concerns.  Throughout this paper, I stress that parallel findings often arise from studies of general FDI and studies of financial-sector FDI.  I also emphasize important differences between the effects of FDI in these sectors, especially with regard to local institution building and business cycles.  These differences -- more so than the similarities -- should be the focus of research efforts"--Federal Reserve Bank of New York web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 2/15/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.