Title: Foreign Investment, Development, And Globalization : Can Costa Rica Become Ireland?
Publisher: Palgrave Macmillan
Publication Date: 2005
Language: English
ISBN 10: 1403969833
ISBN 13: 9781403969835
Binding: Hardcover
Condition: As New

About this title

Synopsis

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.

About the Author

Eva Paus is Professor of Economics and the Carol Hoffmann Collins Director of the Dorothy R. and Norman E. McCulloch Center for Global Initiatives at Mount Holyoke College, USA.

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