A Century of Foreign Investment in the Third World by Michael Twomey

By Michael Twomey

The overdue 20th century has witnessed a dramatic upsurge in overseas direct funding within the 3rd international. established upon thorough statistical research, the ebook provides exhaustive case-studies of international funding coverage in 'metropolitan' nations and of the stories of 'host' nations all through Africa, Asia and Latin the United States. With a large geographical and ancient concentration, it additionally makes a huge contribution to present debates on dependency conception.

Show description

Read Online or Download A Century of Foreign Investment in the Third World PDF

Similar development & growth books

From Crisis to Growth in Africa

This e-book is anxious with the matter of accomplishing sustained monetary development in 13 African international locations. those are divided into 3 teams: the struggle afflicted economics (Angola, Guinea-Bissau, Ethiopia and Eritrea), the reform strugglers (Kenya, Cape Verde, Zambia, Tanzania, Mozambique and Zimbabwe) and the expansion seekers (Uganda, South Africa and Lesotho).

South African Economic Policy under Democracy

South Africa skilled a momentous switch of presidency from the Apartheid regime to its first democratic executive in 1994. This ebook presents an up to date and finished review of South Africa's fiscal regulations and function below democracy. The publication contains a stand-alone creation and fiscal assessment, in addition to chapters on development, financial and alternate fee coverage and monetary coverage, on capital flows and exchange coverage, on funding and business and festival coverage, at the influence of AIDs within the macroeconomy, and on unemployment, schooling and inequality and poverty.

Growing Out of the Plan: Chinese Economic Reform, 1978–1993

Becoming Out of the Plan is a accomplished examine of China's financial reforms, from their beginnings on the finish of 1978 throughout the crowning glory of the various preliminary reform measures in the course of 1993. The e-book makes a speciality of and macroeconomic coverage, utilizing those to explain reform technique in its entirety.

The spirit of development: Protestant NGOs, morality, and economics in Zimbabwe

This paintings is an ethnographic account of the paintings of transnational, Christian non-governmental companies (NGOs) in Zimbabwe. non secular NGOs are one of many voices of pluralism in southern Africa, occasionally tough the country and at others participating with it. The tensions of such engagement are key to knowing the successes and screw ups of transnational, humanitarian endeavours to foster democratic governance in Zimbabwe.

Extra resources for A Century of Foreign Investment in the Third World

Example text

In both cases, of course, the assertion has often been made that these policies inhibited the development of locally run manufacturing industries, although for our purposes it might be difficult to argue that these policies were explicitly designed to stimulate metropolitan investment, and ultimately any analysis becomes overly complicated when attempting to infer intentions. A similar case can be made with regard to tax policy; tax rates often differed, according to whether one was a native or a colonial, and company taxes were often paid in the metropolis to its benefit (Fieldhouse 1971:614).

The Table again indicates upward trends in FDI into the Third World, relative to income in either sending or receiving countries, for the last decades of the twentieth century. Thus, the stock of FDI in third world countries represented about 2 per cent of the GDP of the source (developed) countries in 1990, and almost 9 per cent of the GDP of the host (developing) countries—the difference is attributable to the higher aggregate income of the industrial countries. 2. 1980–1995, from the International Financial Statistics Yearbook, 1998.

Regard to the recipient countries will also reveal this U-shaped pattern. The decline is more marked for total foreign investment, and is quite accentuated for the United Kingdom and elsewhere in Europe. Moreover, the decline is quite small for the United States, where, indeed, the ratio of either FI or FDI to GDP is rather smaller than that of most of the other countries. Another important point is that the United Kingdom was not the only country to invest “heavily” overseas, as indicated by the ratio of its investment to GDP.

Download PDF sample

Rated 4.89 of 5 – based on 12 votes