Foreign Direct Investment and Development: The New Policy Agenda for Developing Countries and Economies-In-Transition

(World Economy - November 1999)
". . . Excellent . . .this study provides a lucid and thorough review of the relevant literature on policies towards FDI in developing countries, and gleans from it the most appropriate policy recommendations. It will be a valuable resource for students and professionals interested in FDI, as well as policymakers in the developing world."(Katharine Wakelin, University of Nottingham, The World Economy (November 1999).)

Raymond Vernon, Clarence Dillon Professor of International Affairs Emeritus, Harvard University, and author of In the Hurricane's Eye: the Troubled Prospects of Multinational Enterprises.
"Ted Moran has performed a huge service for multinational enterprises and for governments in the developing world that do business with them. With rare objectivity and commendable thoroughness, he has pulled together a sprawling literature that analyzes the strengths and weaknesses of different governmental approaches toward the multinationals, pointing the way to policies that could be mutually beneficial to both governments and enterprises."

From the Back Cover
Foreign direct investment (FDI) has grown dramatically and is now the largest and most stable source of private capital for developing countries and economies in transition, accounting for nearly 50 percent of all those flows. Meanwhile, the growing role of FDI in host countries has been accompanied by a change of attitude, from critical wariness toward multinational corporations to sometimes uncritical enthusiasm about their role in the development process. What are the most valuable benefits and opportunities that foreign firms have to offer? What risks and dangers do they pose? Beyond improving the micro and macroeconomic "fundamentals" in their own countries and building an investment-friendly environment, do authorities in host countries need a proactive (rather than passive) policy toward foreign investment? In one of the most comprehensive studies on FDI in two decades, Theodore Moran synthesizes evidence drawn from a wealth of case literature to assess policies toward FDI in these countries. His focus is on investment promotion, domestic content mandates, export-performance requirements, joint-venture requirements, and technology-licensing mandates. The study demonstrates that there is indeed a large, energetic, and vital role for host authorities to play in designing policies toward FDI but that the needed actions differ substantially from conventional beliefs on the topic. Dr. Moran offers a new and controversial agenda for host governments, aimed at maximizing the benefits they can obtain from FDI while minimizing the dangers, and suggests how they might best pursue this agenda. Foreign Direct Investment and Development is a highly suitable textbook for courses in trade, development, and international political economy.

About the Author
Theodore H. Moran holds the Marcus Wallenberg Chair at the Walsh School of Foreign Service at Georgetown University and is Director of its Landegger Program in International Business Diplomacy. He has previously served on the Policy Planning Staff of the Department of State, as Counselor to the Multilateral Investment Guarantee Agency of the World Bank Group, and as a consultant to the United Nations and numerous governments in Asia and Latin America. He briefly left Georgetown in 1993-94 when he accepted a presidential appointment as Senior Advisor for economic policy at the U.S. Department of State, where he focused on the transition economies of Eastern Europe and the former Soviet Union. Dr. Moran has written widely on international economics and national security, political risk analysis, corporate strategy, and multinational corporations. His publications include 11 books, such as American Economic Policy and National Security (Council on Foreign Relations) and Governments and Transnational Corporations (Routledge). He has taught at Harvard (where he received his Ph.D. in government), Vanderbilt, the Johns Hopkins School of Advanced International Studies, and the Colorado School of Mines.


Buy from Amazon     Compare Prices

Ted Moran has performed a huge service for multinational enterprises and for governments in the developing world that do business with them. With rare objectivity and commendable thoroughness, he has pulled together a sprawling literature that analyzes the strengths and weaknesses of different governmental approaches toward the multinationals, pointing the way to policies that could be mutually beneficial to both governments and enterprises.
-- Clarence Dillon Professor of International Affairs Emeritus, Harvard University, and author of In the Hurricane's Eye: the Troubled Prospects of Multinational Enterprises,  — Vernon


Buy from Barnes & Noble     Compare Prices