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Modes of International Investment

In: Foreign Direct Investment

Author

Listed:
  • Magnus Blomström
  • Ari Kokko
  • Mario Zejan

Abstract

The role of technical progress as a key to economic growth is widely recognized today. New technologies can be developed domestically through investments in research and development (R&D), they can be imported in various ways from abroad, or generated through some combination of the two. Since R&D activities are normally very costly, many countries rely heavily on imports of modern technology from abroad. In most cases they must turn to multinational corporations, who have become the most important actors in the generation of technology.

Suggested Citation

  • Magnus Blomström & Ari Kokko & Mario Zejan, 2000. "Modes of International Investment," Palgrave Macmillan Books, in: Foreign Direct Investment, chapter 2, pages 15-29, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59861-4_2
    DOI: 10.1057/9780230598614_2
    as

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