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Next crisis? direct and equity investment in developing countries

By: Woodward, David.
Publisher: London Zed Books 2001Description: xiv, 240 p.ISBN: 9781856496704.Subject(s): Investments | Foreign - Developing countries | Capital movements - Developing countriesDDC classification: 332.673091724 Summary: Foreign direct investment has been heralded as the key to Third World countries' economic growth. In this penetrating economic study, David Woodward looks exactly at the impact of FDIs. He assesses the scale of the flows involved, their systematic under-valuation and geographically skewed distribution, and their extremely high rates of return. He also examines the risks of large substantial outflows of resources, and the massive shift toward foreign ownership required to avoid them. The book gives an incisive account of the adverse implications for many traditional Third World societies, and the threat to their national sovereignty, social welfare, and democratic rights.
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Slot 729 (0 Floor, West Wing) 332.673091724 W6N3 (Browse shelf) Available 166542

Foreign direct investment has been heralded as the key to Third World countries' economic growth. In this penetrating economic study, David Woodward looks exactly at the impact of FDIs. He assesses the scale of the flows involved, their systematic under-valuation and geographically skewed distribution, and their extremely high rates of return. He also examines the risks of large substantial outflows of resources, and the massive shift toward foreign ownership required to avoid them. The book gives an incisive account of the adverse implications for many traditional Third World societies, and the threat to their national sovereignty, social welfare, and democratic rights.

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