Paper published in IDS Bulletin, vol 22, no 2, 1991 – Foreign Investment revisited
“Among development economists and public officials in the developing world, interest in foreign direct investment (FDI) has staged a revival. Perhaps because of disillusionment with other forms of capital inflow, perhaps because of the lack of commercial long-term debt finance since the early 1980s, perhaps because of the changing fashions in official development assistance and the rhetoric of aid agencies, most developing countries now claim to welcome FDI.”
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Reproduced with permission of the publisher, Wiley