Does a Country Need a Promotion Agency to Attract Foreign Direct Investment?

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4./5 ( download)

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Book Synopsis Does a Country Need a Promotion Agency to Attract Foreign Direct Investment? by : Jacques Morisset

Download or read book Does a Country Need a Promotion Agency to Attract Foreign Direct Investment? written by Jacques Morisset and published by World Bank Publications. This book was released on 2003 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Establishing an investment promotion agency has become a central part of most countries' development strategies. Today there are more than 150 investment promotion agencies worldwide. Yet very little is known about what these agencies have been really doing, notably in emerging countries, and whether they have been effective in influencing investors' decisions. Using data from a new survey on 58 countries, Morisset shows that greater investment promotion is associated with higher cross-country foreign direct investment (FDI) flows, on top of the influence of the country's investment climate and market size. But this result has to be qualified on several counts. First, the effectiveness of the agency depends on the country's environment in which it operates. An agency in a poor investment climate is less effective at attracting investment. Second, the scope of activities that an agency undertakes influences its performance. Morisset's empirical analysis indicates that agencies devoting more resources on policy advocacy are more effective because such activity is not only beneficial to foreign investors but also to domestic investors. In contrast, investment generation or targeting strategies appear expensive and risky, especially in countries with poor investment climates. Finally, certain internal characteristics of the agencies are associated with greater effectiveness. The agencies that have established reporting mechanisms to the country's highest policymakers (the president or prime minister) or to the private sector have been systematically more efficient at attracting foreign direct investment. Such institutional links are crucial because they contribute to strengthen the government's commitment as well as reinforce the agency's credibility and visibility in the business community.

Does a Country Need a Promotion Agency to Attract Foreign Direct Investment? A Small Analytical Model Applied to 58 Countries

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Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Does a Country Need a Promotion Agency to Attract Foreign Direct Investment? A Small Analytical Model Applied to 58 Countries by : Jacques P. Morisset

Download or read book Does a Country Need a Promotion Agency to Attract Foreign Direct Investment? A Small Analytical Model Applied to 58 Countries written by Jacques P. Morisset and published by . This book was released on 2016 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Establishing an investment promotion agency has become a central part of most countries' development strategies. Today there are more than 150 investment promotion agencies worldwide. Yet very little is known about what these agencies have been really doing, notably in emerging countries, and whether they have been effective in influencing investors' decisions.Using data from a new survey on 58 countries, Morisset shows that greater investment promotion is associated with higher cross-country foreign direct investment (FDI) flows, on top of the influence of the country's investment climate and market size.But this result has to be qualified on several counts. First, the effectiveness of the agency depends on the country's environment in which it operates. An agency in a poor investment climate is less effective at attracting investment. Second, the scope of activities that an agency undertakes influences its performance. Morisset's empirical analysis indicates that agencies devoting more resources on policy advocacy are more effective because such activity is not only beneficial to foreign investors but also to domestic investors. In contrast, investment generation or targeting strategies appear expensive and risky, especially in countries with poor investment climates.Finally, certain internal characteristics of the agencies are associated with greater effectiveness. The agencies that have established reporting mechanisms to the country's highest policymakers (the president or prime minister) or to the private sector have been systematically more efficient at attracting foreign direct investment. Such institutional links are crucial because they contribute to strengthen the government's commitment as well as reinforce the agency's credibility and visibility in the business community.This paper - a product of the Foreign Investment Advisory Service - is part of a larger effort in the Bank to understand foreign direct investment flows.

Marketing a Country

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 204 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Marketing a Country by : Louis T. Wells

Download or read book Marketing a Country written by Louis T. Wells and published by World Bank Publications. This book was released on 2000 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Foreign Investment Advisory Service, a joint facility of the International Finance Corporation (IFC) and the World Bank, was established to help governments of developing member countries to review and adjust the policies, institutions, and programmes that affect foreign direct investment (FDI). The ultimate purpose of FIAS is to assist member governments to attract beneficial foreign private capital, technology, and managerial expertise.

The Effectiveness of Promotion Agencies at Attracting Foreign Direct Investment

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Publisher : World Bank Publications
ISBN 13 : 9780821356067
Total Pages : 130 pages
Book Rating : 4.3/5 (56 download)

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Book Synopsis The Effectiveness of Promotion Agencies at Attracting Foreign Direct Investment by : Jacques Morisset

Download or read book The Effectiveness of Promotion Agencies at Attracting Foreign Direct Investment written by Jacques Morisset and published by World Bank Publications. This book was released on 2004 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment promotion agencies (IPAs) exist in almost all countries around the world, but there has been no global attempt to determine whether they have been able to significantly influence the investor's decision to locate in one country rather than another. 'The Effectiveness of Promotion Agencies at Attracting Foreign Direct Investment' is the first empirical study of the effectiveness of these agencies in attracting foreign direct investment (FDI).This study finds that promotion is unambiguously associated with greater FDI flows. The effectiveness of promotion, however, depends on: • the quality of the investment climate, market size • the level of development of the country • the IPA's budget and type of activities it carries out • communication with the highest level of policymakers and support from the private sector. An important resource, 'The Effectiveness of Promotion Agencies at Attracting Foreign Direct Investment' provides many lessons about how to carry out effective investment promotion.

How to Solve the Investment Promotion Puzzle

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Author :
Publisher : Inter-American Development Bank
ISBN 13 :
Total Pages : 173 pages
Book Rating : 4./5 ( download)

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Book Synopsis How to Solve the Investment Promotion Puzzle by : Christian Volpe Martincus

Download or read book How to Solve the Investment Promotion Puzzle written by Christian Volpe Martincus and published by Inter-American Development Bank. This book was released on 2019-07-08 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: The investment promotion puzzle remains unsolved. Nearly every country in the world has established an investment promotion agency (IPA) to attract and retain foreign direct investment (FDI) in both greater quantities and of higher “quality.” Meanwhile, the literature has been virtually silent on investment promotion and its effects on FDI. As a result, we know little about what such agencies look like in different countries, what they do, how they do it, and whether and to what extent they make a difference. How to Solve An Investment Promotion Puzzle aims to fill in this gap by providing detailed information on the organization, functions and activities, and operational modalities of IPAs across over 50 countries in LAC and OECD, distilling similarities and differences and creating a new basis for peer-to-peer benchmarking and analysis of their impact. As such, it can serve as a useful guide to professionals and policymakers interested in designing better policies for FDI.

Partners or Creditors? Attracting Foreign Investment and Productive Development to Central America and Dominican Republic

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Publisher : Inter-American Development Bank
ISBN 13 : 1597822086
Total Pages : 304 pages
Book Rating : 4.5/5 (978 download)

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Book Synopsis Partners or Creditors? Attracting Foreign Investment and Productive Development to Central America and Dominican Republic by : Osmel Manzano

Download or read book Partners or Creditors? Attracting Foreign Investment and Productive Development to Central America and Dominican Republic written by Osmel Manzano and published by Inter-American Development Bank. This book was released on 2015-02-01 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Promotion of foreign direct investment (FDI) has been a priority policy goal in Central America, Panama and Dominican Republic for the past twenty years. Fiscal benefits are among the policies that have been used to attract it. At first sight the model followed has been fruitful. In 2013 the eight countries of the region succeeded in attracting US$ 12.7 billion, the highest level of FDI in their history. But there are question marks about how FDI will perform in future and what the incentives to promote it should be now that World Trade Organization rules on the instruments used to promote FDI in the region have changed. The present book analyzes this situation in depth. Firstly, it reviews the importance of FDI in the region as a source of financing for the external deficit. Then it reviews the findings of international economic research on the impact of FDI on growth and the factors that attract it. It highlights that far from being assured, the benefits of FDI depend on complementary factors which are often not present in the region. Subsequently the book analyzes the international evolution of FDI and the growing importance of multinationals of Latin origin. It then tackles the controversial question of the efficacy of fiscal incentives as a means to attract investment, following an innovative technical approach based on firm level data which questions whether the free zones have had a net positive impact on development. This analysis is complemented by a study of investment promotion policies, which focuses particularly on the Investment Promotion Agencies. Finally, the book outlines the prospects for FDI attraction now the sun has set on strategies based on providing fiscal incentives. It argues that a new strategy should be based on the creation of new skills and capacities through instruments designed to complement productive development policies and thereby generate positive spillovers in the economy.

Promoting Foreign Direct Investment in Developing Countries

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Publisher : OECD
ISBN 13 :
Total Pages : 118 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Promoting Foreign Direct Investment in Developing Countries by : Organisation for Economic Co-operation and Development

Download or read book Promoting Foreign Direct Investment in Developing Countries written by Organisation for Economic Co-operation and Development and published by OECD. This book was released on 1993 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Investment Promotion Toolkit

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Publisher : World Bank Publications
ISBN 13 : 9780821349335
Total Pages : 6 pages
Book Rating : 4.3/5 (493 download)

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Book Synopsis Investment Promotion Toolkit by : Multilateral Investment Guarantee Agency

Download or read book Investment Promotion Toolkit written by Multilateral Investment Guarantee Agency and published by World Bank Publications. This book was released on 2001 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Multilateral Investment Guarantee Agency (MIGA; a member of the World Bank Group) is pleased to announce its latest initiative to empower investment promotion programs worldwide—the 'Investment Promotion Toolkit'. The toolkit is a comprehensive compilation of international best practices in investment promotion, and aims to assist national and local investment intermediaries to attract and retain foreign direct investment. The toolkit represents first-hand insights gained during MIGA's 12 years of investment experience in over 150 emerging economies and developing countries worldwide.This new resource forms the foundation for delivery of MIGA's technical assistance services and provides a valuable reference tool for sustaining investment initiatives after completion of MIGA's formal capacity-building work. Is is also available for purchase by any organization that wishes to promote foreign direct investment.The toolkit is designed for use by a broad range of investment intermediaries, including investment promotion agencies, consulting firms, sectoral ministries, international development agencies, and economic development agencies at the national, state, and local levels. It consists of nine discrete modules covering all basic functions of investment promotion:Module 1. Understanding foreign direct investment Module 2. Developing an investment promotion agency Module 3. Creating an investment promotion strategy Module 4. Building effective partnerships Module 5. Strengthening the location's image Module 6. Targeting and generating investment opportunities Module 7. Servicing investors Module 8. Monitoring and evaluating activities and results Module 9. Utilizing information technology

The Competitive Advantage of Regions and Nations

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Publisher : CRC Press
ISBN 13 : 1317037626
Total Pages : 222 pages
Book Rating : 4.3/5 (17 download)

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Book Synopsis The Competitive Advantage of Regions and Nations by : Boris Ricken

Download or read book The Competitive Advantage of Regions and Nations written by Boris Ricken and published by CRC Press. This book was released on 2016-03-23 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of technology transfer for the competitive advantage of companies and the economic success of nations cannot be overstated. Technology is a determining element for firms and nations to increase productivity, to compete, and to prosper. In The Competitive Advantage of Regions and Nations, the authors stress that companies, investment promotion agencies, and government bodies cannot simply sit and wait until new technologies arrive in their domain. Rather, they need to manage the identification, assessment, attraction, absorption and application of new technologies. In this comprehensive book, Boris Ricken and George Malcotsis explain how technology transfer in Foreign Direct Investment (FDI) projects can be systematically managed. Using some 40 case studies as illustration, they give step-by-step guidance for managers. The explanation of theory in this book, together with the frameworks and cases delivering solutions to the various challenges of technology transfer will be highly appreciated by managers of companies, investment promotion agencies, and government bodies alike. It also offers students confronted with the topic an understandable study guide.

Harnessing Globalization

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Publisher : Penn State Press
ISBN 13 : 027105123X
Total Pages : 282 pages
Book Rating : 4.2/5 (71 download)

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Book Synopsis Harnessing Globalization by : Roy C. Nelson

Download or read book Harnessing Globalization written by Roy C. Nelson and published by Penn State Press. This book was released on 2015-10-29 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can countries in the underdeveloped world position themselves to take best advantage of the positive economic benefits of globalization? One avenue to success is the harnessing of foreign direct investment (FDI) in the “nontraditional” forms of the high-technology and service sectors, where an educated workforce is essential and the spillover effects to other sectors are potentially very beneficial. In this book, Roy Nelson compares efforts in three Latin American countries—Brazil, Chile, and Costa Rica—to attract nontraditional FDI and analyzes the reasons for their relative success or failure. As a further comparison, he uses the successes of FDI promotion in Ireland and Singapore to help refine the analysis. His study shows that two factors, in particular, are critical. First is the government’s autonomy from special interest groups, both domestic and foreign, arising from the level of political security enjoyed by government leaders. The second factor is the government’s ability to learn about prospective investors and the inducements that are most important to them—what he calls “transnational learning capacity.” Nelson draws lessons from his analysis for how governments might develop more effective strategies for attracting nontraditional FDI.

Harnessing Globalization

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Publisher : Penn State Press
ISBN 13 : 027106790X
Total Pages : 170 pages
Book Rating : 4.2/5 (71 download)

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Book Synopsis Harnessing Globalization by : Roy C. Nelson

Download or read book Harnessing Globalization written by Roy C. Nelson and published by Penn State Press. This book was released on 2015-10-29 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can countries in the underdeveloped world position themselves to take best advantage of the positive economic benefits of globalization? One avenue to success is the harnessing of foreign direct investment (FDI) in the “nontraditional” forms of the high-technology and service sectors, where an educated workforce is essential and the spillover effects to other sectors are potentially very beneficial. In this book, Roy Nelson compares efforts in three Latin American countries—Brazil, Chile, and Costa Rica—to attract nontraditional FDI and analyzes the reasons for their relative success or failure. As a further comparison, he uses the successes of FDI promotion in Ireland and Singapore to help refine the analysis. His study shows that two factors, in particular, are critical. First is the government’s autonomy from special interest groups, both domestic and foreign, arising from the level of political security enjoyed by government leaders. The second factor is the government’s ability to learn about prospective investors and the inducements that are most important to them—what he calls “transnational learning capacity.” Nelson draws lessons from his analysis for how governments might develop more effective strategies for attracting nontraditional FDI.

Promoting Foreign Direct Investment in Central and Eastern Europe and the CIS

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Author :
Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.:/5 (7 download)

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Book Synopsis Promoting Foreign Direct Investment in Central and Eastern Europe and the CIS by : United Nations. Economic Commission for Europe

Download or read book Promoting Foreign Direct Investment in Central and Eastern Europe and the CIS written by United Nations. Economic Commission for Europe and published by . This book was released on 2000 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are over 20 countries classified as transition economies. It is undeniable that a basic and essential challenge for all transition economies is still the attraction of investment and, in particular, long-term investment. The aim of this publication is to outline and discuss structure, strategies and aims of investment promotion, and to help already existing investment promotion agencies (IPAs) to define a more targeted and clearer direction of their work. The papers presented in the guide are intended to give an overview of foreign direct investment (FDI) flows, the role of IPAs and the everyday problems these agencies face. This volume is part of a series on trade and investment guides to assist economies in transition, as well as economic actors in other countries, to become familiar with best practices in the areas of trade, investment and related legal and commercial practices.

Nation-States and the Multinational Corporation

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Publisher : Princeton University Press
ISBN 13 : 1400837375
Total Pages : 212 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Nation-States and the Multinational Corporation by : Nathan M. Jensen

Download or read book Nation-States and the Multinational Corporation written by Nathan M. Jensen and published by Princeton University Press. This book was released on 2008-01-21 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: What makes a country attractive to foreign investors? To what extent do conditions of governance and politics matter? This book provides the most systematic exploration to date of these crucial questions at the nexus of politics and economics. Using quantitative data and interviews with investment promotion agencies, investment location consultants, political risk insurers, and decision makers at multinational corporations, Nathan Jensen arrives at a surprising conclusion: Countries may be competing for international capital, but government fiscal policy--both taxation and spending--has little impact on multinationals' investment decisions. Although government policy has a limited ability to determine patterns of foreign direct investment (FDI) inflows, political institutions are central to explaining why some countries are more successful in attracting international capital. First, democratic institutions lower political risks for multinational corporations. Indeed, they lead to massive amounts of foreign direct investment. Second, politically federal institutions, in contrast to fiscally federal institutions, lower political risks for multinationals and allow host countries to attract higher levels of FDI inflows. Third, the International Monetary Fund, often cited as a catalyst for promoting foreign investment, actually deters multinationals from investment in countries under IMF programs. Even after controlling for the factors that lead countries to seek IMF support, IMF agreements are associated with much lower levels of FDI inflows.

Promotion of Foreign Direct Investment

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Author :
Publisher : United Nations Publications
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Promotion of Foreign Direct Investment by : United Nations. Economic and Social Commission for Asia and the Pacific

Download or read book Promotion of Foreign Direct Investment written by United Nations. Economic and Social Commission for Asia and the Pacific and published by United Nations Publications. This book was released on 1999 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: While progress towards the liberalisation of foreign direct investment regimes in economies in transition may make countries more attractive to FDI, competitive bidding may cancel out the efforts of individual economies to attract the volume and quality of foreign investment they seek. A more co-operative approach may maximise the benefits for all the recipients of FDI in a region. The existing frameworks of economic co-operation in the ESCAP region, many of which include investment co-operation, may be relevant. This publication contains papers from a seminar on FDI policy in the economies of north and central Asia: India, Malaysia, the Republic of Korea, Singapore, Armenia, Kyrgyzstan, and the Russian Federation.

Foreign Direct Investment in Central and Eastern Europe

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Author :
Publisher : Springer
ISBN 13 : 3319404962
Total Pages : 278 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Foreign Direct Investment in Central and Eastern Europe by : Balázs Szent-Iványi

Download or read book Foreign Direct Investment in Central and Eastern Europe written by Balázs Szent-Iványi and published by Springer. This book was released on 2016-12-22 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines how foreign direct investment (FDI) inflows to Central and Eastern Europe have changed after the Great Recession. It argues that beyond their cyclical effects, the economic crisis and the changing competitiveness of Central and Eastern European countries have had structural impacts on FDI in the region. FDI has traditionally been viewed as the key driver of national development, but the apparent structural shift means that focusing on cheap labour as a competitive advantage is no longer a viable strategy for the countries in the region. The authors argue that these countries need to move beyond the narrative of upgrading (attracting FDI inflows with increasingly higher value added), and focus on ensuring greater value capture instead. A potential way for doing this is by developing the conditions in which innovative national companies can emerge, thrive and eventually develop into lead firms of global value chains. The book provides readers with a highly informative account of the reasons why this shift is necessary, as well as diverse perspectives and extensive discussions on the dynamics and structural impacts of FDI in post-crisis Central and Eastern Europe.

Responsible Enterprise, Foreign Direct Investment and Investment Promotion

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Author :
Publisher : IIED
ISBN 13 : 1843696835
Total Pages : 202 pages
Book Rating : 4.8/5 (436 download)

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Book Synopsis Responsible Enterprise, Foreign Direct Investment and Investment Promotion by : Annie Dufey

Download or read book Responsible Enterprise, Foreign Direct Investment and Investment Promotion written by Annie Dufey and published by IIED. This book was released on 2008 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brings together a series of papers identifying opportunities for Investment Promotion Agencies (IPAs) to attract Foreign direct investment (FDI) that is associated with positive contributions to sustainable development and good corporate social responsibility practices.

Programs in Industrial Countries to Promote Foreign Direct Investment in Developing Countries

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Author :
Publisher : Washington, D.C. : World Bank
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Programs in Industrial Countries to Promote Foreign Direct Investment in Developing Countries by : Thérèse J. Bélot

Download or read book Programs in Industrial Countries to Promote Foreign Direct Investment in Developing Countries written by Thérèse J. Bélot and published by Washington, D.C. : World Bank. This book was released on 1992 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: