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Introduction and Overview

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  • Tony Addison
  • Basudeb Guha‐Khasnobis
  • George Mavrotas

Abstract

As one of globalisation's most visible dimensions, foreign direct investment (FDI) is central to the prospects for developing countries in the world economy. Key issues include the direction of causation between FDI and growth, the potential role of the new information and communication technologies in attracting FDI flows (as well as the role of FDI in building such infrastructure), the process of skill acquisition associated with FDI, and the specific problems that Africa faces in attracting more FDI. Achievement of the Millennium Development Goals requires very fast growth in output and employment if global poverty is to be halved, and FDI could play a very positive role if its development benefits are maximised.

Suggested Citation

  • Tony Addison & Basudeb Guha‐Khasnobis & George Mavrotas, 2006. "Introduction and Overview," The World Economy, Wiley Blackwell, vol. 29(1), pages 1-8, January.
    • Handle: RePEc:bla:worlde:v:29:y:2006:i:1:p:1-8
    DOI: 10.1111/j.1467-9701.2006.00754.x
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    References listed on IDEAS

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    1. Shatz, Howard J. & Venables, Anthony J., 2000. "The geography of international investment," Policy Research Working Paper Series 2338, The World Bank.
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    1. Arfan Shahzad & Abdullah Kaid Al-Swidi & Dawood Ali Mithani & Faudziah Hanim Bt Fadzil & Abd Ghani Bin Golamuddin, 2012. "An Empirical Investigation on The Effect of Business Environment Factors on The FDI Inflows in Pakistan: The Moderating Role of Political Stability," Business and Economic Research, Macrothink Institute, vol. 2(2), pages 156-170, December.

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