The Impact of Trade and Foreign Direct Investment Liberalization in the Dominican Republic PDF Download
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Author: Harri Ramcharran
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
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Book Description
This research examines the effects of international trade and foreign direct investment (FDI) liberalization policies on the economy of the Dominican Republic during 1990s using a production function methodology. The regression results indicate evidence of unbalanced growth characterized by regional and technological dualism: (a) an efficient free trade zone (FTZ), highly dependent on FDI, and operating under increasing returns to scale, and (b) a relatively inefficient primary/secondary sector operating under decreasing returns to scale. Trade and FDI liberalization policies to promote sustained growth and development are not adequate because: (a) the implemented policies failed to establish economic linkages between different economic sectors, and (b) the FTZ's contribution to GDP averages only about 3%.
Author: Harri Ramcharran
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
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Book Description
This research examines the effects of international trade and foreign direct investment (FDI) liberalization policies on the economy of the Dominican Republic during 1990s using a production function methodology. The regression results indicate evidence of unbalanced growth characterized by regional and technological dualism: (a) an efficient free trade zone (FTZ), highly dependent on FDI, and operating under increasing returns to scale, and (b) a relatively inefficient primary/secondary sector operating under decreasing returns to scale. Trade and FDI liberalization policies to promote sustained growth and development are not adequate because: (a) the implemented policies failed to establish economic linkages between different economic sectors, and (b) the FTZ's contribution to GDP averages only about 3%.
Author:
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 140
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Book Description
This Investment Policy Review provides an overview of the Foreign Direct Investment (FDI) in several countries, including the most recent trends and developments. It examines the legal investment framework currently in place and identifies new areas of high FDI potential. The Review is intended to improve the country's investment policies and to familiarize the international private sector with the countrys investment environment.
Author:
Publisher:
ISBN:
Category : Dominican Republic
Languages : en
Pages : 192
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Book Description
Author: Susan M. Kramer
Publisher:
ISBN:
Category : Investments, American
Languages : en
Pages : 44
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Book Description
Author: Osmel Manzano
Publisher: Inter-American Development Bank
ISBN: 1597822086
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
Promotion of foreign direct investment (FDI) has been a priority policy goal in Central America, Panama and Dominican Republic for the past twenty years. Fiscal benefits are among the policies that have been used to attract it. At first sight the model followed has been fruitful. In 2013 the eight countries of the region succeeded in attracting US$ 12.7 billion, the highest level of FDI in their history. But there are question marks about how FDI will perform in future and what the incentives to promote it should be now that World Trade Organization rules on the instruments used to promote FDI in the region have changed. The present book analyzes this situation in depth. Firstly, it reviews the importance of FDI in the region as a source of financing for the external deficit. Then it reviews the findings of international economic research on the impact of FDI on growth and the factors that attract it. It highlights that far from being assured, the benefits of FDI depend on complementary factors which are often not present in the region. Subsequently the book analyzes the international evolution of FDI and the growing importance of multinationals of Latin origin. It then tackles the controversial question of the efficacy of fiscal incentives as a means to attract investment, following an innovative technical approach based on firm level data which questions whether the free zones have had a net positive impact on development. This analysis is complemented by a study of investment promotion policies, which focuses particularly on the Investment Promotion Agencies. Finally, the book outlines the prospects for FDI attraction now the sun has set on strategies based on providing fiscal incentives. It argues that a new strategy should be based on the creation of new skills and capacities through instruments designed to complement productive development policies and thereby generate positive spillovers in the economy.
Author: Rory Allen
Publisher:
ISBN: 9789210543255
Category : Dominican Republic
Languages : en
Pages : 0
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Book Description
"The review concluded that FDI has led economic diversification in the Dominican Republic and that the legal and regulatory framework for FDI in the country is open and liberal, containing very few restrictions. It recommends the adoption of a new Investment Law to reflect the good treatment of foreign investors in practice. The IPR proposes ways to strengthen the government's investment promotion arm, CEI-RD, and the coordination among CEI-RD and other agencies involved in investment promotion, with a view to strengthening the national investment promotion effort, and ensuring its coherence . Finally, the IPR recommends policies to attract more technology-driven FDI and higher value-added operations to the country, including concrete recommendations geared at achieving a "best-in region" investment framework within five years."--Highlights.
Author: Carlos Moran
Publisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 94
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Book Description
Author: J. Humberto Lopez
Publisher: World Bank Publications
ISBN: 082138712X
Category : Business & Economics
Languages : en
Pages : 461
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Book Description
The main message of the study is that Central America's ability to exploit the opportunities created by ongoing trade liberalization will depend on the ability of the region to implement a complementary policy agenda that creates an enabling policy and institutional environment.
Author: World Bank Group
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The Dominican Republic is often considered an example of the successful implementation of Special Economic Zones (henceforth SEZs) in the Western hemisphere. The zones fueled economic growth during the 1980s and 1990s and, while they experienced a sharp decline in employment due in part to the expiry of the end of the Multi-Fiber Agreement and stronger international competition in the textile and apparel industry in 2005, signs of recovery have been observed since 2009. Surgical equipment, chemicals and plastics, and footwear have recently emerged as the new drivers of export dynamism in the zones (World Bank, 2015). The objective of this report is to inform the policy discussion around the developmental impact of SEZs in the Dominican Republic by empirically assessing i) the implications of regulatory reforms aimed at complying with WTO disciplines regarding the elimination of incentives conditioned on export performance for SEZs firms, ii) the extent to which SEZs participate in Global Value Chains, and iii) their linkages with domestic suppliers. The report is organized as follows: The second section presents the historical importance of SEZ as an engine of economic growth in the country. The third section depicts the structural shift in terms of production in SEZs and evaluates the degree of value addition taking place in the Dominican Republic. The fourth section evaluates the degree and evolution of linkages between SEZs and local firms. The fifth section shows the impact of the regulatory changes in the SEZ regimen undertaken to comply with WTO disciplines. Finally, some conclusions and policy recommendations are presented in section six.
Author: Rupa Chanda
Publisher:
ISBN:
Category :
Languages : en
Pages : 304
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Book Description
