Some recent empirical research suggests that the implementation of policy reforms is largely dependent on domestic political economy factors. This finding is taken to suggest that aid and adjustment lending should only be provided to those countries that, on the basis of certain characteristics,...

Most developing countries consider foreign direct investment (FDI) as an invaluable source for filling the resource gaps that hinder their development programmes. Moreover, FDI can also be a medium for acquiring skills, technology, organizational and managerial practices and access to markets....