Premium
Introduction and Overview
Author(s) -
Addison Tony,
GuhaKhasnobis Basudeb,
Mavrotas George
Publication year - 2006
Publication title -
world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.594
H-Index - 68
eISSN - 1467-9701
pISSN - 0378-5920
DOI - 10.1111/j.1467-9701.2006.00754.x
Subject(s) - foreign direct investment , globalization , poverty , economics , causation , process (computing) , developing country , millennium development goals , international economics , development economics , international trade , economic system , economic growth , macroeconomics , political science , market economy , computer science , law , operating system
As one of globalisation's most visible dimensions, foreign direct investment (FDI) is central to the prospects for developing countries in the world economy. Key issues include the direction of causation between FDI and growth, the potential role of the new information and communication technologies in attracting FDI flows (as well as the role of FDI in building such infrastructure), the process of skill acquisition associated with FDI, and the specific problems that Africa faces in attracting more FDI. Achievement of the Millennium Development Goals requires very fast growth in output and employment if global poverty is to be halved, and FDI could play a very positive role if its development benefits are maximised.