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Foreign Investment, Development, and Globalization: Can Costa Rica Become Ireland?
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ISBN
:
9781403969835
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Publisher
:
Palgrave Macmillan
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Subject
:
Business & Management, Politics & Government
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Binding
:
Hardcover
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Pages
:
250
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Year
:
1014
₹
7235.0
₹
7235.0
7235.0
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Description
This book engages the question, hotly debated among theorists and policymakers alike, of how a developing country's pursuit of foreign direct investment (FDI) affects its development prospects in a globalized world. Can small latecomers to economic development use high-tech FDI to rapidly expand indigenous capabilities, thus shortcutting stages of the industrialization process? What conditions, economic and non-economic, must be met for this strategy to succeed? Using the cases of Ireland and Costa Rica, the author shows how the dynamics of the FDI-development nexus have changed over time, rendering problematic Costa Rica's attempt, and those of other latecomers, to replicate the Celtic Tiger's success story.
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