The Impact of International Trade and FDI on Economic Growth and Technological Change PDF Download
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Author: Patricia Hofmann
Publisher: Springer Science & Business Media
ISBN: 3642345816
Category : Business & Economics
Languages : en
Pages : 317
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Book Description
Economic globalisation and technological change are the two issues that concerned people in the past, concern them today and will concern them in the future - all over the world, poor or rich. Traditionally, questions about allocative effects are asked: What are the labour market implications? Who loses? Who wins? What is the net aggregate welfare effect after an adjustment period? However, two points are rarely taken into consideration: How do globalisation and technological change interact and what are the potential long-run implications for economic growth? This book addresses the interplay of these megatrends. It asks how economic globalisation may affect innovation and technology of individual firms and eventually the growth prospects of countries. Thereby it shows that protectionism not only harms static efficiency but might as well lead to dynamic losses. The book provides a systematic overview of the theoretical underpinnings of the openness-growth nexus and summarises the conceptual problems and important findings of the empirical analyses so far. The theoretical insights are supported by two empirical studies, the first dealing with the innovative behaviour and the “within-multinational” technology transfer of Spanish firms that were acquired by foreign companies and the second analysing productivity growth rate implications from exporting for German manufacturing firms.
Author: Patricia Hofmann
Publisher: Springer Science & Business Media
ISBN: 3642345816
Category : Business & Economics
Languages : en
Pages : 317
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Book Description
Economic globalisation and technological change are the two issues that concerned people in the past, concern them today and will concern them in the future - all over the world, poor or rich. Traditionally, questions about allocative effects are asked: What are the labour market implications? Who loses? Who wins? What is the net aggregate welfare effect after an adjustment period? However, two points are rarely taken into consideration: How do globalisation and technological change interact and what are the potential long-run implications for economic growth? This book addresses the interplay of these megatrends. It asks how economic globalisation may affect innovation and technology of individual firms and eventually the growth prospects of countries. Thereby it shows that protectionism not only harms static efficiency but might as well lead to dynamic losses. The book provides a systematic overview of the theoretical underpinnings of the openness-growth nexus and summarises the conceptual problems and important findings of the empirical analyses so far. The theoretical insights are supported by two empirical studies, the first dealing with the innovative behaviour and the “within-multinational” technology transfer of Spanish firms that were acquired by foreign companies and the second analysing productivity growth rate implications from exporting for German manufacturing firms.
Author: Kamal Saggi
Publisher: World Bank Publications
ISBN: 1706080972
Category : Attributes
Languages : en
Pages : 50
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Book Description
Abstract: May 2000 - How much a developing country can take advantage of technology transfer from foreign direct investment depends partly on how well educated and well trained its workforce is, how much it is willing to invest in research and development, and how much protection it offers for intellectual property rights. Saggi surveys the literature on trade and foreign direct investment - especially wholly owned subsidiaries of multinational firms and international joint ventures - as channels for technology transfer. He also discusses licensing and other arm's-length channels of technology transfer. He concludes: How trade encourages growth depends on whether knowledge spillover is national or international. Spillover is more likely to be national for developing countries than for industrial countries; Local policy often makes pure foreign direct investment infeasible, so foreign firms choose licensing or joint ventures. The jury is still out on whether licensing or joint ventures lead to more learning by local firms; Policies designed to attract foreign direct investment are proliferating. Several plant-level studies have failed to find positive spillover from foreign direct investment to firms competing directly with subsidiaries of multinationals. (However, these studies treat foreign direct investment as exogenous and assume spillover to be horizontal - when it may be vertical.) All such studies do find the subsidiaries of multinationals to be more productive than domestic firms, so foreign direct investment does result in host countries using resources more effectively; Absorptive capacity in the host country is essential for getting significant benefits from foreign direct investment. Without adequate human capital or investments in research and development, spillover fails to materialize; A country's policy on protection of intellectual property rights affects the type of industry it attracts. Firms for which such rights are crucial (such as pharmaceutical firms) are unlikely to invest directly in countries where such protections are weak, or will not invest in manufacturing and research and development activities. Policy on intellectual property rights also influences whether technology transfer comes through licensing, joint ventures, or the establishment of wholly owned subsidiaries. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to study microfoundations of international technology diffusion. The study was funded by the Bank's Research Support Budget under the research project Microfoundations of International Technology Diffusion. The author may be contacted at
[email protected].
Author: John Cantwell
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 554
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Book Description
This two-volume set presents current research which focuses upon the firm as a unit of analysis, and upon the theory of the firm or a theory of business. In volume I, 19 articles published between 1966 and 1995 discuss early analysis and theoretical foundations, technology transfer theory, and historical and empirical analysis of technology transfer. In Volume II, 22 articles published between 1979 and 1995 cover the internationalization of technology creation, technology-based inter-company alliances, the co-evolution of FDI and technological development, and geographical localization in multinational corporations and technology spillovers. Lacks a subject index. Edited by Cantwell, international economics, U. of Reading, UK. Annotation copyrighted by Book News, Inc., Portland, OR
Author: Natalja von Westernhagen
Publisher: Springer Science & Business Media
ISBN: 3642574831
Category : Business & Economics
Languages : en
Pages : 297
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Book Description
Since the late 1980s and the beginning of the 1990s, the Commonwealth of Independent States (CIS) and Central and Eastern European Countries (CEECs) have been involved in the transition process. This book compares the progress of some of these economies in transition and analyses their growth potential. The focus lies on the special role that foreign trade liberalisation and foreign direct investment plays in economic growth. Since foreign trade and foreign direct investment are important channels of technology transfer they can substantially contribute to a higher level of economic growth. Based on the gravity model this book investigates potential in foreign trade and foreign direct investment for selected CIS and CEECs with developed OECD economies. Policy options for some of these countries are discussed including issues of foreign trade, foreign direct investment, structural adjustment, and economic growth.
Author: Prabhakar, Akhilesh Chandra
Publisher: IGI Global
ISBN: 1799817326
Category : Business & Economics
Languages : en
Pages : 305
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Book Description
Despite three decades of continuous globalization, transitional economies in many countries remain marginalized. In order to maximize the positive growth of employment creation opportunities in various sectors, including agriculture, existing patterns of long-run sustainable equilibrium relationships, technology transfers, and trade to promote export-led economic growth must be examined and identified. Regional Trade and Development Strategies in the Era of Globalization provides a comprehensive overview of globalization and regional initiative trends of trade and development through the examination of theoretical and practical experiences of their underpinning principles through approaches to overcome the obstacles of globalization and its positive and negative impacts on global trade and economic development. The content within this publication examines economic integration, foreign investment, and financial risk. It is designed for trade specialists, government officials, students, researchers, policymakers, business professionals, academicians, and economists.
Author: Mr.Eduardo Borensztein
Publisher: International Monetary Fund
ISBN: 1451853270
Category : Business & Economics
Languages : en
Pages : 26
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Book Description
We test the effect of foreign direct investment (FDI) on economic growth in a cross-country regression framework, utilizing data on FDI flows from industrial countries to 69 developing countries over the last two decades. Our results suggest that FDI is an important vehicle for the transfer of technology, contributing relatively more to growth than domestic investment. However, the higher productivity of FDI holds only when the host country has a minimum threshold stock of human capital. In addition, FDI has the effect of increasing total investment in the economy more than one for one, which suggests the predominance of complementarity effects with domestic firms.
Author: Francisco L. Rivera-Batiz
Publisher: World Scientific Publishing Company
ISBN: 9789813209381
Category : Capital movements
Languages : en
Pages : 0
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Book Description
The impact of rising global trade and investment remains one of the most controversial topics among academics, policymakers and the public in general. This book written by international economists Francisco L Rivera-Batiz and Luis A Rivera-Batiz offers a collection of articles outlining the diverse consequences of trade liberalization and the elimination of barriers to international capital flows. The co-editors present a rich discussion of the theoretical approaches and empirical evidence available in economics to analyze globalization and its effects on growth, poverty and income distribution. Specifically, the book chapters examine how economic integration influences technological change and growth, the effects on poverty, income distribution and economic development, the consequences of liberalizing foreign direct investment, the impact of capital flows on emerging markets, and the role played by public sector governance and policies on trade and investment liberalization. Overall, this volume adopts diverse scientific approaches in analyzing globalization and its consequences.
Author: Ash Amin
Publisher: Routledge
ISBN: 1351370928
Category : Business & Economics
Languages : en
Pages : 410
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Book Description
Originally published in 1986, this book was published at a time when the manufacturing structure of advanced economies was transformed. The growing internationalization of production, the rising power of giant corporations and the increasing rate of technological innovation remain key issues today. The impact of these changes is felt unevenly between regions, shown by huge job losses in some places and high-tech based growth in others. Drawing together contributions from economists, geographers, sociologists and management specialists, the problems facing the declining regions are discussed and analyzed. The book will be of interest to researchers, planners and policymakers concerned with the regional aspects of technological change and industrial restructuring.
Author: Marco Neuhaus
Publisher: Springer Science & Business Media
ISBN: 379081735X
Category : Business & Economics
Languages : en
Pages : 190
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Book Description
This book provides a comprehensive understanding of the relationship between Foreign Direct Investment (FDI) and economic growth, with special attention to the countries of Central and Eastern Europe. Within a new semi-endogenous growth model, the book illustrates the impact of FDI on economic growth for every stage of development of a country. The book analyzes the growth enhancing effect of FDI, and explains the actual growth contributions induced by FDI.
Author: Christiansen, Bryan
Publisher: IGI Global
ISBN: 1466662255
Category : Business & Economics
Languages : en
Pages : 534
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Book Description
Investment in Latin America is continuously developing in complex patterns due to the regions increasing role in the global economy. The Handbook of Research on Economic Growth and Technological Change in Latin America helps readers to better understand the importance of Latin America in todays global economy. The book discusses the developments of investments involving Latin American Multinational Corporations (Multilatinas) within the region. This investment is having profound influences on the state of business, government, and technological development in Latin America, which are all explored in this reference publication for use by researchers, scholar-practitioners, business executives, students, and academicians.
