Technology-intensive Foreign Investments and Economic Development Strategy in a Small Country
AbstractThe EU Lisbon objective to increase the R&D investments to 3% of the GDP by 2010 cannot be achieved in a small country by simply increasing the public sector appropriations for R&D investments. The experience of Ireland and Singapore as well as various Central European transition countries shows that introduction of a proactive foreign investment strategy, closely coordinated with education, research, employment and other policies, is in a small country one of the most influential and virtually the only possibility for a radical increase of the knowledge intensity of the economy. An updated version of this working paper appeared in 2007 in TRAMES Journal of Social Sciences and Humanities. The original working paper is available from the author on request.
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Bibliographic InfoPaper provided by Institute of Baltic Studies in its series Working Papers with number 01-2005.
Length: 19 pages
Date of creation: 22 Oct 2005
Date of revision:
Foreign direct investment; public policy; innovation policy; small countries;
Find related papers by JEL classification:
- F2 - International Economics - - International Factor Movements and International Business
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
- O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
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