Download or read book Foreign Direct Investment and Sustainable Local Economic Development written by Jeong Il Park and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign Direct Investment (FDI) in the United States, which predominately occurs in the manufacturing sector, remains critically important for a strong regional and local economy, due to the resulting increase in employment, wages, and tax revenue. Traditionally, local economic development strategies have focused on attracting external manufacturing plants or facilities as the primary route to economic growth, through the expansion of the tax base and/or an increase in employment. In comparison, Sustainable Local Economic Development (SLED) emphasizes the establishment of a minimum standard of living for all and an increase in this standard over time; a reduction in the steady growth in inequality among people; a reduction in spatial inequality; and the promotion and encouragement of sustainable resource use and production (Blakely & Leigh, 2010). These essential SLED principles motivate this study, which will seek to develop a better understanding of whether and how FDI contributes to SLED in terms of its spatial patterns and its impact on middle class earnings. By selecting Georgia as a case study area, this research specifically examines whether and how the location of manufacturing FDI has reduced (or increased) spatial inequality at the intra-state and intra-metropolitan levels. It also identifies whether and how manufacturing FDI has reduced (or increased) inequality among people, focusing on its impact on middle class earnings. This study finds a strong spatial concentration of manufacturing FDI employment in metropolitan areas, particularly in a large metropolitan area, at the intra-state spatial pattern analysis. The results of panel regression analysis suggest that presence of agglomeration economies in metropolitan areas has positively influenced the location of manufacturing FDI jobs. The study also finds a suburbanization pattern of manufacturing FDI employment in the intra-metropolitan spatial pattern analysis. This intra-metropolitan suburbanization of FDI in manufacturing jobs is associated with loss of urban industrial land in the central areas within a large metropolitan area. These uneven distribution patterns of manufacturing FDI jobs indicate increased spatial inequality at both intra-state and intra-metropolitan levels, but the implications of this finding are mixed. Using individual earnings data from the American Community Survey Public Use Microdata Sample files, this study also conducts a quantile regression to estimate the earnings distribution effects that a concentration of manufacturing FDI may have on different earnings groups. The findings both from place-of-work and place-of-residence earnings analysis suggest that manufacturing FDI generally has reduced inequality among people. The concentration of manufacturing FDI in a certain area show the largest distribution effects on area workers in the lower earnings group and residents in the middle earnings group.

Download or read book Promoting Local Economic Development Through Strategic Planning Action guide written by and published by UN-HABITAT. This book was released on 2005 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Effect of Treaties on Foreign Direct Investment written by Karl P Sauvant and published by Oxford University Press. This book was released on 2009-03-27 with total page 795 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past twenty years, foreign direct investments have spurred widespread liberalization of the foreign direct investment (FDI) regulatory framework. By opening up to foreign investors and encouraging FDI, which could result in increased capital and market access, many countries have improved the operational conditions for foreign affiliates and strengthened standards of treatment and protection. By assuring investors that their investment will be legally protected with closed bilateral investment treaties (BITs) and double taxation treaties (DTTs), this in turn creates greater interest in FDI.

Download or read book The Enclave Economy written by Kevin P. Gallagher and published by MIT Press. This book was released on 2007-07-20 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the extent to which foreign investment in Mexico's information technology sector brought economic, social, and environmental benefits to Guadalajara. Foreign investment has been widely perceived as a panacea for developing countries—as a way to reduce poverty and kick-start sustainable modern industries. The Enclave Economy calls this prescription into question, showing that Mexico's post-NAFTA experience of foreign direct investment in its information technology sector, particularly in the Guadalajara region, did not result in the expected benefits. Charting the rise and fall of Mexico's “Silicon Valley,” the authors explore issues that resonate through much of Latin America and the developing world: the social, economic, and environmental effects of market-driven globalization. In the 1990s, Mexico was a poster child for globalization, throwing open its borders to trade and foreign investment, embracing NAFTA, and ending the government's role in strengthening domestic industry. But The Enclave Economy shows that although Mexico was initially successful in attracting multinational corporations, foreign investments waned in the absence of active government support and as China became increasingly competitive. Moreover, the authors find that foreign investment created an “enclave economy” the benefits of which were confined to an international sector not connected to the wider Mexican economy. In fact, foreign investment put many local IT firms out of business and transferred only limited amounts of environmentally sound technology. The authors suggest policies and strategies that will enable Mexico and other developing countries to foster foreign investment for sustainable development in the future.

Download or read book OECD Energy Investment Policy Review of Ukraine written by OECD and published by OECD Publishing. This book was released on 2021-12-15 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Review assesses Ukraine’s investment climate vis-à-vis the country’s energy sector reforms and discusses challenges and opportunities in this context. Capitalising on the OECD Policy Framework for Investment and other relevant instruments and guidance, the Review takes a broad approach to investment climate challenges facing Ukraine’s energy sector.

Download or read book Foreign Direct Investment and Economic Development written by Organisation for Economic Co-operation and Development and published by OECD Publishing. This book was released on 1998 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the link between FDI and development in six dynamic non-Member economies: Argentina, Brazil, Chile, Indonesia, Malaysia and the Philippines.

Download or read book Foreign Direct Investment for Development written by Organisation for Economic Co-operation and Development and published by OECD Publishing. This book was released on 2002 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign direct investment (FDI) is an integral part of an open and effective international economic system and can provide a major catalyst to development. However, the benefits of FDI do not accrue automatically and evenly across countries, sectors and local communities. This publication looks at the impact of FDI on development issues and considers the policies required to maximise its benefits for developing countries. Aspects discussed include: the macroeconomic benefits for host countries; recent FDI trends; its impact on growth; foreign trade linkages; technology transfer; human capital enhancement; market structures and competition; social and environmental consequences; and country experiences in realising the benefits of FDI.

Download or read book International Investment for Sustainable Development written by Lyuba Zarsky and published by Routledge. This book was released on 2012-05-23 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Investment for Sustainable Development critically examines the interface between sustainability, development, and the governance of international investment. It challenges the conventional view that foreign direct investment is a 'miracle drug' for developing countries and exposes serious shortcomings in the current international investment regime. Composed of norms, agreements, treaties and regulations, the emerging investment regime expands the rights of transnational corporations (TNCs) without commensurate rewards for the common good. Drawing on both research and engaged advocacy, the contributors ultimately map out a new way forward, towards the creation and implementation of international investment rules that will promote global sustainability and equity.

Download or read book Sustainable Foreign Direct Investment written by Emese Kovacs (Master of business administration degree student) and published by . This book was released on 2018 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This research, using a panel regression methodology, examines the factors of sustainable foreign direct investment (SFDI) on the 117 counties over the time period from 1990 to 2017. In seeking to develop an empirical model that would supplement the sustainable foreign direct investments (FDI), the goal was to compare the FDI determinants with the performance indicators of Environment, Social and Governance (ESG) factors over an extended time period. ESG framework is used as an organizing device for sustainable FDI to assess: 1) how a sustainable investment strategy can be developed consistent with the guiding principles and desired objectives of sustainability and 2) if so, can it be identified what variables may help to explain such strategies? The results have important ramifications on current policies to promote sustainable economic growth. The econometric results indicate evidence of unbalanced determinants characterized by country classifications and (a) a county, highly dependent on FDI, and operating under increasing ESG performance indicators, and (b) a relatively independent country on FDI operating under decreasing ESG performance indicators. These growth strategies fail to establish economic linkages between different countries; also they focus on the development of the FDI only. Policies to promote sustainable growth necessitate strategies to develop and diversify the countries. The work theorize that, if sustainable countries are better at identifying and mitigating a wider range of risks, this should also be reflected in trends of lower volatility coupled with long term continued growth. The conclusions are summarized within a framework that encompasses both the theory of FDI and the ESG elements of sustainable investments"--Leaves iv-v.

Download or read book Effect of Multinational Corporation on Local Economy written by Oluwagbenga Afolabi and published by GRIN Verlag. This book was released on 2018-05-30 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2017 in the subject Business economics - Miscellaneous, grade: 100.00, Saint Leo University, language: English, abstract: The purpose of this paper is to glimpse into the effect Foreign Direct Investment (FDI) on the Host economy. The effect FDI has on the host economy has ranged from technology transfer and know-how, integration in global market formation of human resources, increase in competition between firms and firm’s development and reorganization to meet current market trend. There has also been some adverse effect brought about by Foreign Direct Investment. This paper tends to take a look at both the positive and negative impact of FDI on host economy development.

Download or read book Foreign Direct Investment and Sustainable Development in International Investment Governance written by United Nations Publications and published by . This book was released on 2020-04-13 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign direct investment (FDI) is a principal means of financing the 2030 Agenda for Sustainable Development and the corresponding 17 Sustainable Development Goals. FDI's potential contributions to sustainable development in Asia-Pacific can only be realized if the right conditions and policies are in place and if both the quantity and quality of FDI to, from, and within the region increase. This requires not only identifying and prioritizing FDI projects in key sustainable development sectors - such as renewable energy, education, health, water and sanitation, etc. - but also developing and operationalizing FDI policies and legal and regulatory frameworks at national and international levels that maximize the sustainable development potential of FDI in local economies. This publication sets explores the latter point further by focusing on two emerging and important issues related to international investment governance: sustainable development-orientation in international investment agreements (IIA) and the coherence between IIAs and national investment laws in Asia-Pacific. This publication comprises of three chapters. The first chapter sets the scene analyses recent FDI trends, both in terms of flows of inward and outward investment as well as FDI policymaking and international investment governance; the second chapter provides an in depth analysis of the extent to which the bilateral investment treaties of Asia-Pacific least developed countries and landlocked developing countries are oriented towards sustainable development; and, the third and final chapter examines the extent of coherence between the IIA regimes and national frameworks for investment in Thailand and Viet Nam. The chapters in this publication offer promising signs that the momentum for and political will to reform the IIA regime to make it more sustainable development-oriented and coherent are picking up, and ESCAP stands ready to further support its member States in their efforts to achieve both.

Download or read book Foreign Direct Investment and Poverty Reduction written by Michael U. Klein and published by World Bank Publications. This book was released on 2001 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1990s, foreign direct investment began to swamp all other cross-border capital flows into developing countries. Does foreign direct investment support sound development? In particular, does it contribute to poverty reduction?

Download or read book Foreign Direct Investment and Human Development written by Olivier De Schutter and published by Routledge. This book was released on 2012-11-27 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents original research that examines the growth of international investment agreements as a means to attract foreign direct investment (FDI) and considers how this affects the ability of capital-importing countries to pursue their development goals. The hope of countries signing such treaties is that foreign capital will accelerate transfers of technologies, create employment, and benefit the local economy through various types of linkages. But do international investment agreements in fact succeed in attracting foreign direct investment? And if so, are the sovereignty costs involved worth paying? In particular, are these costs such that they risk undermining the very purpose of attracting investors, which is to promote human development in the host country? This book uses both economic and legal analysis to answer these questions that have become central to discussions on the impact of economic globalization on human rights and human development. It explains the dangers of developing countries being tempted to 'signal' their willingness to attract investors by providing far-reaching protections to investors' rights that would annul, or at least seriously diminish, the benefits they have a right to expect from the arrival of FDI. It examines a variety of tools that could be used, by capital-exporting countries and by capital-importing countries alike, to ensure that FDI works for development, and that international investment agreements contribute to that end. This uniquely interdisciplinary study, located at the intersection of development economics, international investment law, and international human rights is written in an accessible language, and should attract the attention of anyone who cares about the role of private investment in supporting the efforts of poor countries to climb up the development ladder.

Download or read book Foreign Direct Investment in Large Scale Agriculture in Africa written by Atkeyelsh G. M. Persson and published by Routledge. This book was released on 2019-05-02 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines environmental sustainability and inclusive economic growth, providing in-depth analysis of foreign direct investment (FDI) in large-scale agriculture in Ethiopia. In most African states, arable land and other natural resources play a pivotal role for economic growth and development. Ethiopia is one of those countries where agriculture is the backbone of the economy. This sector has also been an attraction for FDI in Sub-Saharan Africa since the global food and financial crisis of 2007 and 2008. This book uses six foreign investments in large-scale agriculture as case studies to examine current Ethiopian policies, the patterns of investment they promote, how these impact on land-based resources and communities’ wellbeing. Presenting analyses of the economic, social and political realities of foreign direct investment in the local context, Foreign Direct Investment in Large-Scale Agriculture in Africa discusses how the fundamental principles of pro-poor and environmentally sustainable investments intersect with the government’s ambition to advance Ethiopia’s development agenda. This book will be of interest to scholars and students of African economics and sustainable development, African policy makers, intergovernmental organisations as well as multilateral and bilateral development partners.

Download or read book Is there a way to sustainable investment written by Katja Treichel and published by diplom.de. This book was released on 2008-07-17 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Introduction: The issue of foreign direct investment (FDI) as one of the key features of globalisation, continues to attract widespread attention, particularly since its rapid increase in the last decade. While some see FDI as a panacea for overcoming poverty, others point precisely to the opposite and recall the negative image often connected to multinational corporations (MNCs) embodied in child labour, environmental catastrophes, and exploitation of cheap work force. Opinions on the benefits of FDI for development differ considerably, but so does the observed reality. In some countries FDI has, in fact, contributed to economic progress and fallen poverty rates. Other countries by contrast, have not been able to reap the repeatedly praised fruits of investment flows such as job creation and technological spillovers, or did not even attract significant amounts of FDI. But in the highly inter-dependent and inter-connected world that we live in now, extreme views cannot and should not set the tone for future debates. Neither the retreat into isolated and protectionist patterns nor the advocacy of a downright neo-liberal credo seem to be viable options. For one thing, FDI has outstripped official development aid in numbers and no single country has lifted itself out of poverty in the last 50 years without integrating into the world market. For another, simple liberalisation measures have not always increased FDI flows into host developing countries and where they did, FDI flows have not automatically brought with them the desired benefits for development. The term development should be understood in a sustainable sense and thus, goes far beyond the rise of the gross national product per capita. It means, according to the frequently quoted Brundtland report, development that meets the needs of the present without comprising the ability of future generations to meet their own needs . Without neglecting the importance of raising income levels, it puts special emphasis on enhancing the skills and competencies of people who should harness and shape their ecological, economic and social environment in sustainable ways. Crucial with this understanding of development is on one hand, its long-term perspective, and on the other, the interplay between the economic, social and environmental dimension, both making any action oriented towards development a highly complex matter. As a consequence, the presumption that all kinds of investment flows [...]

Download or read book Foreign Direct Investment and Urban Growth in China written by Lei Wang and published by Routledge. This book was released on 2016-04-15 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book puts forward an institutional explanation of the recent dynamics of foreign direct investment (FDI) in China. It argues that the concentration of FDI in the Chinese manufacturing economy since the beginning of this century is largely the result of China's entrepreneurial urban growth strategy, which was in turn motivated by the overall political and fiscal structures of China and was facilitated by urban land use under the manipulation of municipalities. By identifying the interactions between cross-border capital flow, national regulations and local responses, this book not only provides a fresh understanding of China's FDI pattern from an urban perspective that has been rare among publications on similar topics, but also sheds light on the drivers underlying China's rapid economic growth and its implications for sustainable development. It also stands as a useful reference for other countries and regions that plan to launch their own state-led development projects.

Download or read book Policy Framework for Investment written by OECD and published by OECD Publishing. This book was released on 2006-05-11 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on good practices from OECD and non-OECD countries, the Framework proposes a set of questions for governments to consider in ten policy fields as critically important for the quality of a country’s environment for investment.