The development process can advance more rapidly than ever before in the new global economy. While opening their economies to trade and investment is a necessary condition for developing countries to achieve sustained high growth and reduce poverty, it is by no means a sufficient condition....

Competition for foreign direct investment has been neglected as a subject of research. Yet many claim that such competition is having deleterious effects, such as lowering governments’ standards of protection of the environment and workers’ rights.This book looks at the evidence and assesses...

Too many developing countries are not on track to reach the Millennium Development Goals (MDGs) by 2015 and need to pursue better and more sustained ways of reducing poverty. If progress continued on present trends, some countries in sub-Saharan Africa would not reach the MDGs for over a...

Mobilising private investment is recognised as a priority area for development so that poor countries are not left further behind. But reaping the maximum benefits of investment is not automatic. Policies matter too. A key challenge, therefore, is how to frame investment policies in a way that...

This book illustrates Korea's experience with outward foreign direct investment (FDI) and shows that the ancillary benefits of such investment -- knowledge and management transfer, market acquisition and skills enhancement -- can be substantial for individual firms. Moreover, the resulting...

These Forum proceedings outline the main requirements for promoting private finance and investment in developing countries, including the implementation of sound financial and corporate governance practices and the development of public-private partnerships, and propose existing and innovative...

Foreign direct investment (FDI) is an integral part of an open and effective international economic system and a major catalyst to development. Yet, the benefits of FDI do not accrue automatically and evenly across countries, sectors and local communities. National policies and the international...

The OECD organised a conference on FDI, in Shanghai, China, in December 2002. Some of the questions addressed in this book include: What lessons can be drawn from experiences with policies for attracting FDI, including strategies based on tax and other incentives? How can MNEs contribute to...