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Do Domestic Firms Benefit From Foreign Direct Investment
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Book Synopsis Do Domestic Firms Benefit from Foreign Direct Investment? by : Brian J. Aitken
Download or read book Do Domestic Firms Benefit from Foreign Direct Investment? written by Brian J. Aitken and published by World Bank Publications. This book was released on 1994 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: It seems that technology gains from foreign investment are captured entirely by joint ventures.
Book Synopsis From which Foreign Direct Investment Channels can Domestic Firms Benefit the most in Developing Countries? by : Yannick Koniezny
Download or read book From which Foreign Direct Investment Channels can Domestic Firms Benefit the most in Developing Countries? written by Yannick Koniezny and published by GRIN Verlag. This book was released on 2019-12-16 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2019 in the subject Economics - Foreign Trade Theory, Trade Policy, grade: 1,0, University of Dusseldorf "Heinrich Heine", language: English, abstract: In the wake of globalization, the importance of Foreign Direct Investments (henceforth FDI) has strongly increased. From 1990 to 2017 the amount of FDI inflows in the world has increased sevenfold. Most FDI expenditures flow between industrialized countries. But also developing countries show a strong increase in FDI inflows. Especially China became attractive for FDIs in the past years after reducing FDI restrictions. In the year 1978, before substantial reforms, almost no FDIs were made in China. 39 years later, in 2017, approximately 9.5% of the worldwide FDIs were conducted in China. In the same period, the Gross Domestic Product (GDP) per capita of China has increased fifty-six-fold. At the same time, the export ratio of China has increased from approximately 4.5 % to 19.8 %. These developments suggest that FDI may have a positive influence on economic growth and thus on firms' growth in developing countries. Therefore, governments of developing countries try to attract their country and companies for FDI by granting tax holidays or other benefits in the hope that the domestic economy can benefit from positive FDI spillovers. Companies have various reasons to make an investment in a foreign country e.g. lower wages, new market access, better resources, etc. All those motives are linked to the superior objective of profit maximization. According to John H. Dunning’s "Eclectic paradigm", there are three conditions which must be fulfilled so that companies make an investment in a foreign country. First, the ownership advantage which means that a company must have an exclusive competitive advantage over competitors in the foreign market. Second, the location advantage which means that a company must benefit from the differences between home and host countries for example through lower wages or factor costs and third, the internalization advantage which means that a company must exploit its specific competitive advantages itself and not sell them to existing companies, e.g. in the form of licenses.
Book Synopsis DOES FOREIGN DIRECT INVESTMENT INCREASE THE PRODUCTIVITY OF DOMESTIC FIRMS? by : BEATA K. SAMARZYNSKA
Download or read book DOES FOREIGN DIRECT INVESTMENT INCREASE THE PRODUCTIVITY OF DOMESTIC FIRMS? written by BEATA K. SAMARZYNSKA and published by . This book was released on 2003 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Foreign Investment and Spillovers (Routledge Revivals) by : Magnus Blomstrom
Download or read book Foreign Investment and Spillovers (Routledge Revivals) written by Magnus Blomstrom and published by Routledge. This book was released on 2014-05-01 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: The spillover effect of multinational companies has, historically, been subject to much debate. The assumption that the host country can be expected to enjoy spillovers – improvements in the balance of payments, in the influx of foreign currency and in other sectors of the economy not directly affected by the multinational – has not necessarily been corroborated in practice. First published in 1989, this book addresses this debate, and the very different conclusions that can be drawn about spillovers. Reporting on significant research on Latin America and drawing comparisons with findings elsewhere, Foreign Investment and Spillovers provides students and researchers with a truly international perspective.
Book Synopsis Multinational Enterprises and Host Country Development by : Holger Görg
Download or read book Multinational Enterprises and Host Country Development written by Holger Görg and published by World Scientific Publishing Company. This book was released on 2016-06-24 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multinational Enterprises and Host Country Development is a unique collection of papers looking at different aspects of the link between multinational enterprises and their effects on the host countries' economies. The volume studies effects of multinationals on R&D, innovation, productivity, wages, as well as growth and survival of firms in the host countries, and distinguishes direct and indirect effects through spillovers. All the analyses are conducted using firm level data for countries as diverse as China, Ireland, Sweden, Ghana, the UK or a group of countries in Central and Eastern Europe. This volume is a valuable reading for graduate students and researchers wishing to investigate the impact of multinationals.
Book Synopsis Do FDI Firms Employ More Workers than Domestic Firms for Each Dollar of Assets? by : Mr.Sakai Ando
Download or read book Do FDI Firms Employ More Workers than Domestic Firms for Each Dollar of Assets? written by Mr.Sakai Ando and published by International Monetary Fund. This book was released on 2020-03-13 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies whether FDI firms employ more workers than domestic firms for each dollar of assets. Using the Orbis database and its ownership structure information, we show that, in most economies, domestic firms tend to employ more workers per asset than FDI firms. The result remains robust across individual industries in the case study of the United Kingdom. The analysis of the switchers (ownership changes from domestic to foreign or vice versa) suggests that ownership changes do not have an immediate impact on the employment per asset. This result suggests that different patterns of employment per asset seem to come from technological differences rather than from different ownership structures.
Book Synopsis Foreign Direct Investment, China and the World Economy by : P. Buckley
Download or read book Foreign Direct Investment, China and the World Economy written by P. Buckley and published by Springer. This book was released on 2009-11-29 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has become such an important element of the global economy that its influence cannot be ignored in almost any field of endeavour. The phenomenal impact of FDI in China and its (largely trade-related) consequences has been well documented and now there is a significant literature on the phenomenon of outward investment from China too. This book is an in depth study of the international business relationships of China covering both inward and outward foreign direct investment, its impact and related theoretical and policy issues. This volume of highly renowned author Peter Buckley's collected papers from 2005-8 continues his interest in the theory of international business (Section I) and policies towards foreign direct investment (FDI) (Section IV) but has a major concentration on China, both as regards outward foreign direct investment (OFDI) from China (Section II) and FDI in China (Section III).
Book Synopsis An Investment Perspective on Global Value Chains by : Christine Zhenwei Qiang
Download or read book An Investment Perspective on Global Value Chains written by Christine Zhenwei Qiang and published by World Bank Publications. This book was released on 2021-06-15 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report investigates the role of foreign direct investment (FDI) in helping developing countries participate in global value chains (GVCs). It combines the perspectives and strategies from three types of players: multinational corporations, domestic firms and governments. It aims to provide practical guidance for developing countries to develop strategies that use FDI to strengthen GVC participation and upgrading. The report has six main chapters: 1. FDI and GVCs. Assesses the trade-investment nexus and analyzes the effect of FDI in countries’ GVC participation and upgrading at the country level. 2. MNCs shape GVC development. Highlights MNCs' contribution to global economy and how their business strategies shape the evolution of GVCs. The chapter also compares MNCs' business strategies in terms of outsourcing and offshoring, risk mitigation and increasing market power across GVC archetypes. 3. Domestic firm perspectives on GVC participation. Looks at the various paths domestic firms can take to internationalize their production and trade. Investigates domestic firm characteristics that predict higher GVC participation, and the effect of GVC participation on firm performance. 4. Investment policy and promotion: what is in a government’s toolbox? Summarizes the various policy instruments governments have at their disposal to help attract MNCs to their country and facilitate GVC participation of domestic firms. 5. Integrating countries into GVCs. Draws on a range of case studies to illustrate how governments can develop coherent strategies and policy packages to integrate their countries into GVCs. 6. FDI and GVCs in the wake of COVID-19. Reflects the impact of COVID-19 on FDI and GVCs, the response from multinationals and suppliers, and the implications for GVC reconfiguration. In addition, there are seven case studies that offer more nuanced analysis on the GVC participation in selected countries and sectors: • Five qualitative case studies: Five countries have been selected that managed to use FDI to stimulate GVC participation using a range of approaches. By design, these five countries also cover five different GVC archetypes. These countries are: (1) Kenya (horticulture); (2) Dominican Republic (textiles); (3) Mauritius (tourism); (4) Malaysia (electronics); (5) China (software). • Two quantitative case studies: Rwanda, West-Bengal (India). These use a combination of firm- and transaction level datasets to study firm-level dynamics that explain the role of multinational and domestic firms across GVCs.
Book Synopsis Does Foreign Direct Investment Promote Development? by : Theodore H. Moran
Download or read book Does Foreign Direct Investment Promote Development? written by Theodore H. Moran and published by Peterson Institute. This book was released on 2005 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume gathers the cutting edge of new research on foreign direct investment and host country economic performance, and presents the most sophisticated critiques of current and past inquiries. It presents new results, concludes with an analysis of the implications for contemporary policy debates, and proposed new avenues for future research.
Book Synopsis International Friction and Cooperation in High-Technology Development and Trade by : National Research Council
Download or read book International Friction and Cooperation in High-Technology Development and Trade written by National Research Council and published by National Academies Press. This book was released on 1997-10-10 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Foreign Direct Investment by : I. Moosa
Download or read book Foreign Direct Investment written by I. Moosa and published by Springer. This book was released on 2002-01-29 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign direct investment is an important issue that has attracted the attention of academic and professional economists as well as politicians and policy makers. In Foreign Direct Investment , Imad A. Moosa presents a survey of the vast body of literature and ideas relating to foreign direct investment that will be invaluable as a reference work for all these groups. He provides concise definition and analysis of the theories behind foreign direct investment, and considers factors affecting its implementation. The impact of foreign direct investment on economic development, host countries and the growth of multinationals, together with methods for evaluating foreign direct investment projects are discussed. The book is based on the experiences of and the empirical evidence pertaining to foreign direct investment in a large number of countries, and includes case studies on specific projects.
Book Synopsis Trade, foreign direct investment, and international technology transfer : a survey by : Kamal Saggi
Download or read book Trade, foreign direct investment, and international technology transfer : a survey written by Kamal Saggi and published by World Bank Publications. This book was released on 2000 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: May 2000 - How much a developing country can take advantage of technology transfer from foreign direct investment depends partly on how well educated and well trained its workforce is, how much it is willing to invest in research and development, and how much protection it offers for intellectual property rights. Saggi surveys the literature on trade and foreign direct investment - especially wholly owned subsidiaries of multinational firms and international joint ventures - as channels for technology transfer. He also discusses licensing and other arm's-length channels of technology transfer. He concludes: How trade encourages growth depends on whether knowledge spillover is national or international. Spillover is more likely to be national for developing countries than for industrial countries; Local policy often makes pure foreign direct investment infeasible, so foreign firms choose licensing or joint ventures. The jury is still out on whether licensing or joint ventures lead to more learning by local firms; Policies designed to attract foreign direct investment are proliferating. Several plant-level studies have failed to find positive spillover from foreign direct investment to firms competing directly with subsidiaries of multinationals. (However, these studies treat foreign direct investment as exogenous and assume spillover to be horizontal - when it may be vertical.) All such studies do find the subsidiaries of multinationals to be more productive than domestic firms, so foreign direct investment does result in host countries using resources more effectively; Absorptive capacity in the host country is essential for getting significant benefits from foreign direct investment. Without adequate human capital or investments in research and development, spillover fails to materialize; A country's policy on protection of intellectual property rights affects the type of industry it attracts. Firms for which such rights are crucial (such as pharmaceutical firms) are unlikely to invest directly in countries where such protections are weak, or will not invest in manufacturing and research and development activities. Policy on intellectual property rights also influences whether technology transfer comes through licensing, joint ventures, or the establishment of wholly owned subsidiaries. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to study microfoundations of international technology diffusion. The study was funded by the Bank's Research Support Budget under the research project Microfoundations of International Technology Diffusion. The author may be contacted at [email protected].
Book Synopsis Foreign Direct Investment in South Asia by : Pravakar Sahoo
Download or read book Foreign Direct Investment in South Asia written by Pravakar Sahoo and published by Springer Science & Business Media. This book was released on 2013-10-01 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 1990s, the governments of South Asian countries acted as ‘facilitators’ to attract FDI. As a result, the inflow of FDI increased. However, to become an attractive FDI destination as China, Singapore, or Brazil, South Asia has to improve the local conditions of doing business. This book, based on research that blends theory, empirical evidence, and policy, asks and attempts to answer a few core questions relevant to FDI policy in South Asian countries: Which major reforms have succeeded? What are the factors that influence FDI inflows? What has been the impact of FDI on macroeconomic performance? Which policy priorities/reforms needed to boost FDI are pending? These questions and answers should interest policy makers, academics, and all those interested in FDI in the South Asian region and in India, Pakistan, Bangladesh, Sri Lanka and Pakistan.
Book Synopsis Foreign Direct Investment: Ownership Advantages, Firm Specific Factors, Survival And Performance by : Mehdi Rasouli Ghahroudi
Download or read book Foreign Direct Investment: Ownership Advantages, Firm Specific Factors, Survival And Performance written by Mehdi Rasouli Ghahroudi and published by World Scientific. This book was released on 2018-08-31 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of the book is to extend and develop the literature on foreign direct investment (FDI) and multinational corporation (MNCs) subsidiaries. There are several reasons for studying foreign investment and ownership. First, firms need to identify which host country industry factors are important in choosing among the various type of equity ownership (e.g. international joint ventures or wholly-owned subsidiary). Second, international diversification through foreign market entry can provide growth and profitability at rates unavailable in home markets. A third reason this warrants some attention is that type of ownership can affect attempts to counter international competition by engaging foreign rivals on their home turf. Fourth, firms have the option of choosing the appropriate equity ownership for international markets based on balancing their resources, capabilities, and international experience with their desire for ownership and control. This book extends the literature in FDI by providing empirical support for several theories and previously defined and/or tested constructs. For example, the parent and subsidiary's factors measured in this study suggest the importance of internalization and ownership advantages of Dunning's eclectic theory.
Book Synopsis FDI Spillovers, Financial Markets, and Economic Development by : Laura Alfaro
Download or read book FDI Spillovers, Financial Markets, and Economic Development written by Laura Alfaro and published by International Monetary Fund. This book was released on 2003-09-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and economic development. We model an economy with a continuum of agents indexed by their level of ability. Agents can either work for the foreign company or undertake entrepreneurial activities, which are subject to a fixed cost. Better financial markets allow agents to take advantage of knowledge spillovers from FDI, magnifying the output effects of FDI. Empirically, we show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in contributing to development.
Book Synopsis Foreign Direct Investment in the World Economy by : Mr.Edward M. Graham
Download or read book Foreign Direct Investment in the World Economy written by Mr.Edward M. Graham and published by International Monetary Fund. This book was released on 1995-06-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of foreign direct investment (FDI) in international capital flows is examined. Theories of the determinants of FDI are surveyed, and the economic consequences of FDI for both host (recipient) and home (investor) nations are examined in light of empirical studies. Policy issues surrounding possible negotiation of a “multilateral agreement on investment” are discussed.
Book Synopsis Foreign Direct Investment by : Michael Frenkel
Download or read book Foreign Direct Investment written by Michael Frenkel and published by . This book was released on 2003 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: FDI remains the main driver of the expansion of the international production system. Forging linkages between foreign affiliates and domestic firms is a main challenge for policy-makers in developing countries in order to benefit from FDI as much as possible. The objective of FDI is to leverage the competitive capabilities of domestic enterprises. Fostering linkages is an important means of diffusing knowledge, information and skills from a foreign investor. In a technology and skill driven world, this can contribute to increasing the efficiency and growth potential of the host economy. Such benefits can be enhanced through appropriate policies. Therefore, governments can play an important role in creating the conditions that attract FDI.
