Foreign direct investment as a driver of industrial development: why is there so little evidence?

Narula, Rajneesh (2013). Foreign direct investment as a driver of industrial development: why is there so little evidence?. UNU-MERIT.

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  • Author Narula, Rajneesh
    Title Foreign direct investment as a driver of industrial development: why is there so little evidence?
    Publication Date 2013
    Publisher UNU-MERIT
    Abstract This paper examines the role of FDI in promoting industrial development, and raises a rather important question: Why, if FDI is such an important avenue to promote development, is their little evidence on concomitant industrial development in most developing countries? This chapter takes a look at the evidence on FDI and development and explores some of the causes for this ambiguity. The complexities of global value chains and networks have begun to trivialize the simplistic principle that increased MNE activity automatically implies a proportional increase in spillovers and linkages. Policies towards MNEs need to be closely linked and integrated with industrial policy. MNE activity needs to be evaluated by considering the kinds of externalities that are generated; whether and how domestic actors can internalize them, and building up absorptive capacities to achieve this.
    Keyword MNEs
    Absorptive capabilities
    Motives
    IDP
    Services
    Developing countries
    JEL F23
    O14
    O19
    Copyright Holder UNU-MERIT
    Copyright Year 2013
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    Created: Wed, 11 Dec 2013, 17:15:17 JST