The existing literature has highlighted the positive effect of foreign direct investment (FDI) on export upgrading and associated terms of trade in developing economies. However, the FDI effect has been found to be negative in South Asia. In this paper, we elaborate on the South Asia-specific...

This paper studies the validity of the Preobrazhensky's First Proposition, P1, for the centrally planned Poland during the period of 1960-1987 by testing whether the state increased its internal accumulation, investible surplus, by reducing the inter-sectoral terms of trade between agriculture...

Increased capital flows in the form of foreign direct investment (FDI) and the growing relevance of multinational corporations are two characteristics of the most recent wave of globalization. This volume extensively discusses how these phenomena are interrelated, what determines FDI flows and...