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Foreign Investment and Unilateral Transfers

In: Foreign Investment, Debt and Economic Growth in Latin America

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  • Markos Mamalakis

Abstract

The relationship between foreign investment and unilateral transfers is a multifaceted one. It is necessary to analyse this relationship because it is one of the most important and least examined relationships determining long-term economic development in Latin America.1 Unilateral resource transfers are a pernicious disease afflicting major segments of the society, economy and political system of the majority of Latin American countries. The pervasive presence of unilateral transfers in developing countries is a critical factor that separates them from the present day developed countries during their corresponding early stages of growth. While the discussion of capital and interest rates formed the foundation of classical economic thinking, it is the origin, size, and distribution of unilateral transfers that implicitly form the, or at least a, major foundation of modern development thinking.

Suggested Citation

  • Markos Mamalakis, 1988. "Foreign Investment and Unilateral Transfers," Palgrave Macmillan Books, in: Antonio Jorge & Jorge Salazar-Carrillo (ed.), Foreign Investment, Debt and Economic Growth in Latin America, chapter 5, pages 29-40, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08311-4_5
    DOI: 10.1007/978-1-349-08311-4_5
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