Rethinking Foreign Investment for Sustainable Development

Rethinking Foreign Investment for Sustainable Development

Lessons from Latin America

Edited by Kevin P. Gallagher & Daniel Chudnovsky
Foreword by José Antonio Ocampo

Consisting of country case studies and comparative analyses from Latin American and US based political economists, this volume addresses the shortcomings of foreign investment for development, and sets out the challenges facing policy makers in this field.

PDF, 322 Pages

ISBN:9781843313243

February 2009

  • About This Book
  • Reviews
  • Author Information
  • Series
  • Table of Contents
  • Links
  • Podcasts

About This Book

After almost twenty-five years of experimenting with the neo-liberal economic reforms collectively known as ‘Washington Consensus’ policies, Latin Americans are starting to re-assess the merits of these policies – at the voting booth. Many newly elected governments are beginning to scrutinize the role of foreign direct investment (FDI) in particular, and some nations have gone so far as to nationalize foreign firms. Without endorsing or condoning the actions taken by these governments, this volume demonstrates that it is quite rational for governments in the region to re-evaluate the role of FDI for their development paths.

The great promise of FDI by multinational corporations is that capital will flow into your country and be a source of dynamic growth. Beyond boosting income and employment, the hope was that manufacturing FDI would bring knowledge spillovers that would build the skill and technological capacities of local firms, catalyzing broad-based economic growth; and environmental spillovers that would mitigate the domestic ecological impacts of industrial transformation.

Consisting of country case studies and comparative analyses from Latin American and U.S.-based political economists, this volume finds that when FDI did materialize if often fell far short of generating the necessary linkages required to make FDI work for sustainable economic development.

Reviews

'Recommended.' —J. H. Cobbe, Florida State University, ‘Choice’

Author Information

Kevin P. Gallagher is Assistant Professor of International Relations at Boston University and research associate at the Global Development and Environment Institute, Tufts University.

Daniel Chudnovsky (1944-2007) was Director of the Centro de Investigaciones para la Transformación (CENIT) and Professor at the Universidad de San Andrés.

José Antonio Ocampo is Professor of Professional Practice in International and Public Affairs and Director of the Program in Economic and Political Development at the School of International and Public Affairs, Columbia University.

Series

No series for this title.

Table of Contents

Foreword by José Antonio Ocampo; FDI and Sustainable Development in the Americas; Is Foreign Investment Always Good for Development?; Islands of Possibility; Foreign Investment and the Polarization of the Mexican Economy; A Missed Opportunity; Foreign Investment and Economic Development in Costa Rica; Investment Rules and Sustainable Development; Foreigners in the Forests; Bucking the Trend; Beyond Pollution Haloes; Missing Links, Dashed Hopes

Links

No Podcasts for this title.

Latest Tweets

  • 'Eight Years on Sakhalin: A Political Prisoner’s Memoir' by Ivan P. Iuvachev, commentary by Andrew A. Gentes is fin… https://t.co/gTshbYSlZI

    - 11:02:24 on 27/01/2022
  • 'Muhammad Ali in Africana Cultural Memory' edited by James L. Conyers Jr. & Christel N. Temple is finally here!… https://t.co/huCS5289oQ

    - 11:02:24 on 27/01/2022
  • RT @piamako: Was great to have the opportunity to write this policy brief on Science Policy Interfaces for @IISD_ENB building on insights f…

    - 11:02:24 on 27/01/2022
  • Out now! 'The Lived Experiences of African International Students in the UK' by James Marson, Katy Ferris, Mohammed… https://t.co/mUgWoyyvu3

    - 11:02:24 on 26/01/2022
  • 'International Perspectives on Artificial Intelligence' edited by J. Mark Munoz & Alka Maurya is finally here!… https://t.co/0iNcfvNS34

    - 11:02:24 on 25/01/2022
  • Out now! 'Authoritarian Collectivism and ‘Real Socialism’ by Jose Mauricio Domingues. The book discusses so-called… https://t.co/NbkYxYij6D

    - 11:02:24 on 22/01/2022
  • “Kevin MCGrath's work is densely packed with rich insights and is an immensely rewarding read." Read the full revi… https://t.co/V5HAifdPMx

    - 11:02:24 on 22/01/2022
  • RT @GiryJohan: April 2022, The Anthem Companion to Émile Durkheim (@AnthemPress), ed. by Gregor Fitzi (@EHESS_fr) & Nicola Marcucci (@NSSRN…

    - 11:02:24 on 22/01/2022
  • Anthem Press has curated 8 of the most interesting #university press #blog posts, featuring Ancient #Gilgamesh Drea… https://t.co/WOpijDYJuh

    - 11:02:24 on 21/01/2022
  • RT @sandbergrlaw: Just submitted! Short book coming out with @AnthemPress this Summer. https://t.co/lPD41ECvyg

    - 11:02:24 on 20/01/2022

Comodo SSL