The pros and cons of direct investment are attracting more and more attention in public discussion. In the following article, Dr Pohle, who was not only a highly successful businessman but also an influential and much respected Member of Federal Parliament, examined the possible positive and...

The need to construct an effective strategy for industrial development in low-income countries has been largely ignored by development economists because industrial policies have failed in many developing countries. This does not imply, however, that industrial development cannot be promoted....