Ricardo Gottschalk (Fellow, Institute of Development Studies, University of Sussex)
Abstract
This paper argues that investing in developing countries can be both economically and morally very rewarding. It firstly shows that historically capital invested in developing countries has obtained higher returns than invested in developed countries. It secondly argues that there is also a moral case for investing in developing countries. It would accelerate economic development in the poorer areas of the world, thereby promoting global development. It finally suggests that the socially responsible investment (SRI)initiative could be broadened to incorporate development objectives more explicitly, thereby serving as a conduit to more investment to the developing world.
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Publisher Info
Article provided by International Trade and Finance Association in its journal Global Economy Journal.
Volume (Year): 5 (2007) Issue (Month): 2 () Pages: 5 Download reference. The following formats are available: HTML,
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