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.

Hardback, 322 Pages

ISBN:9781843313168

February 2009

£70.00, $115.00

  • 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

  • Available now! Pathways to Action by Peter McAteer. This book is a strategic approach to accelerating action on cli… https://t.co/TkuSzHkbKU

    - 21:15:23 on 09/08/2022
  • The importance of sentiment in promoting reasonableness in children by Michael S. Pritchard is now available. This… https://t.co/nHv5F9IJPy

    - 21:15:23 on 09/08/2022
  • Available Now! Radical Human Centricity by Paul Hartley. This book is a critique of the poor state of commercial re… https://t.co/4ykOk4EJWA

    - 21:15:23 on 09/08/2022
  • Out Now! Meaning, Mind, and Action by Julia Tanney challenge widely held presuppositions within philosophy in its c… https://t.co/RNH2wL1JFi

    - 21:15:23 on 12/07/2022
  • Available Now! Datafication of Public Opinion and the Public Sphere by Slavko Splichal. This book analyses historic… https://t.co/fpFDB0WRJb

    - 21:15:23 on 12/07/2022
  • Regulating Cross-Border Data Flows by Bryan Mercurio & Ronald Yu is available now! This book engages with the unexp… https://t.co/3YgyeATdnV

    - 21:15:23 on 12/07/2022
  • Soccer and Racism by Rosana Barbosa is finally here! This book uses soccer as a tool to understand key elements of… https://t.co/5V1pTpvgKm

    - 21:15:23 on 12/07/2022
  • Out Now! The Rise and Fall of the National Atlas in the Twentieth Century by John Rennie Short examines national at… https://t.co/TMS6GQnnQJ

    - 21:15:23 on 12/07/2022
  • Wittgenstein Rehinged by Annalisa Coliva is finally here! Mixing together Wittgenstein's scholarship and systematic… https://t.co/jr07i0WacB

    - 21:15:23 on 12/07/2022
  • Available Now! Horwitz Publications by Andrew Nette explores the history of Horwitz Publications, one of Australia’… https://t.co/nPWAc7sxpU

    - 21:15:23 on 12/07/2022

Comodo SSL