Daniels, Joseph; Hejazi, Walid; Ruhr, Marc von der - Department of Economics, College of Business Administration - 2005
Despite declining in 2001, foreign direct investment (FDI) surged during the 1990s. As a result, current levels of FDI flows are triple their 1990 levels. It is well documented in the literature that FDI occurs in large part among countries that are geographically close. It is also well...