This paper challenges a long-held development-policy assumption that aid and foreign-direct investment serve as substitutes or complements in accelerating the development of the world's poorer countries. We show both theoretically and empirically that aid and FDI affect development very...

This paper reviews different literature strands and performs an empirical test to evaluate how capital ownership, particularly its nationality, might affect long-run economic develop- ment. Our results indicate that low and middle-income countries with larger foreign capital stock in 1980 had...

1. Indonesian Economy in Time of Covid: Surviving the Turmoil through Manufacturing Sector -- 2. Post-COVID Recovery: Harnessing Digital Platforms -- 3. A Better Match: Do technology gaps with foreign subsidiaries affect domestic firms’ productivity? Case Study of Indonesian Manufacturing --...

This book offers a fresh perspective on the role of multinational enterprises (MNEs) in development. Alan M. Rugman and Jonathan P. Doh challenge traditional assumptions about economic development and address the controversies that surround MNEs. For example, how do foreign multinationals affect...