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Foreign Direct Investment in Developing Countries

A Theoretical Evaluation

  • Book
  • © 2014

Overview

Authors:
  1. Sarbajit Chaudhuri

    1. Department of Economics, University of Calcutta, Kolkata, India

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  2. Ujjaini Mukhopadhyay

    1. Department of Economics, Behala College, Kolkata, India

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    You can also search for this author in PubMed   Google Scholar

  • Provides an overview of the mechanisms, determinants and magnitude of FDI with particular emphasis on the interface with recent economic developments

  • Outlines the established doctrines relating to FDI and elucidates on the newer ones to trace the nature and direction of desirable policy parameters

  • Integrates FDI within most of the existing economic systems to ascertain its role in developing economics

  • Includes supplementary material: sn.pub/extras

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Table of contents (10 chapters)

  1. Front Matter

    Pages i-xix
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  2. Role of FDI in Developing Countries: Basic Concepts and Facts

    • Sarbajit Chaudhuri, Ujjaini Mukhopadhyay
    Pages 1-17

  3. General Equilibrium Models: Usefulness and Techniques of Application

    • Sarbajit Chaudhuri, Ujjaini Mukhopadhyay
    Pages 19-45

  4. FDI, Welfare and Developing Countries

    • Sarbajit Chaudhuri, Ujjaini Mukhopadhyay
    Pages 47-77

  5. FDI, SEZ and Agriculture

    • Sarbajit Chaudhuri, Ujjaini Mukhopadhyay
    Pages 79-100

  6. FDI and Relative Wage Inequality

    • Sarbajit Chaudhuri, Ujjaini Mukhopadhyay
    Pages 101-137

  7. FDI and Gender Wage Inequality

    • Sarbajit Chaudhuri, Ujjaini Mukhopadhyay
    Pages 139-160

  8. FDI and Unemployment

    • Sarbajit Chaudhuri, Ujjaini Mukhopadhyay
    Pages 161-209

  9. FDI and Child Labour

    • Sarbajit Chaudhuri, Ujjaini Mukhopadhyay
    Pages 211-261

  10. FDI in Healthcare

    • Sarbajit Chaudhuri, Ujjaini Mukhopadhyay
    Pages 263-287

  11. Sketching the Future Research Path of FDI in Developing Countries

    • Sarbajit Chaudhuri, Ujjaini Mukhopadhyay
    Pages 289-300

  12. Back Matter

    Pages 301-314
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Keywords

About this book

In development literature Foreign Direct Investment (FDI) is traditionally considered to be instrumental for the economic growth of all countries, particularly the developing ones. It acts as a panacea for breaking out of the vicious circle of low savings/low income and facilitates the import of capital goods and advanced technical knowhow. This book delves into the complex interaction of FDI with diverse factors. While FDI affects the efficiency of domestic producers through technological diffusion and spill-over effects, it also impinges on the labor market, affecting unemployment levels, human capital formation, wages (and wage inequality) and poverty; furthermore, it has important implications for socio-economic issues such as child labor, agricultural disputes over Special Economic Zones (SEZ) and environmental pollution. The empirical evidence with regard to most of the effects of FDI is highly mixed and reflects the fact that there are a number of mechanisms involved that interact with each other to produce opposing results. The book highlights the theoretical underpinnings behind the inherent contradictions and shows that the final outcome depends on a number of country-specific factors such as the nature of non-traded goods, factor endowments, technological and institutional factors. Thus, though not exhaustive, the book integrates FDI within most of the existing economic systems in order to define its much-debated role in developing economies. A theoretical analysis of the different facets of FDI as proposed in the book is thus indispensable, especially for the formulation of appropriate policies for foreign capital.

Authors and Affiliations

  • Department of Economics, University of Calcutta, Kolkata, India

    Sarbajit Chaudhuri

  • Department of Economics, Behala College, Kolkata, India

    Ujjaini Mukhopadhyay

About the authors

Sarbajit Chaudhuri is a professor with the Department of Economics, Calcutta University, Kolkata, India. He received his PhD in 1995 from the Jadavpur University, Kolkata working under the supervision of Professor Manash Ranjan Gupta. Ranked among the top 3% authors of India and the top 6% authors of Asia as per RePEc/IDEAS ranking (as of January 2014), he has published more than 65 research papers in journals of international repute, such as, Journal of Development Economics, Economica, International Review of Economics and Finance, Review of International Economics, Review of Development Economics, Economic Modelling, Research in Economics, Japan and the World Economy, Pacific Economic Review, The Japanese Economic Review, The Manchester School, Bulletin of Economic Research, Journal of International Trade and Economic Development, Review of Urban and Regional Development Studies, The Economics of Transition, among others. He has also authored books titled Revisiting the Informal Sector: A General Equilibrium Approach (Springer, New York) and Some Aspects of Agricultural Credit in a Developing Economy (Serials Publications, New Delhi). Prof. Chaudhuri has served on the Editorial Boards of many journals. For his work, he was made an honorary member of the Canadian Economic Association, in 2006. His areas of interest include development economics, international economics, environmental economics, health economics, labour economics, agricultural economics and micro-economics.

Ujjaini Mukhopadhyay is an assistant professor with the Department of Economics at Behala College, Kolkata, India. She obtained her PhD from Calcutta University, India in 2005, working under the supervision of Professor Sarbajit Chaudhuri. Her papers have been published in reputed journals such as Journal of International Trade and Economic Development, Energy Policy, The Environmentalist, Review of Urban and Regional Development Studies, to name a few. She has also co-authored a book titled Revisiting the Informal Sector: A General Equilibrium Approach (Springer, New York). Her current research interests include development economics, labour economics, and environment management.

Bibliographic Information

  • Book Title: Foreign Direct Investment in Developing Countries

  • Book Subtitle: A Theoretical Evaluation

  • Authors: Sarbajit Chaudhuri, Ujjaini Mukhopadhyay

  • DOI: https://doi.org/10.1007/978-81-322-1898-2

  • Publisher: Springer New Delhi

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Springer India 2014

  • Hardcover ISBN: 978-81-322-1897-5Published: 28 July 2014

  • Softcover ISBN: 978-81-322-2913-1Published: 27 September 2016

  • eBook ISBN: 978-81-322-1898-2Published: 08 July 2014

  • Edition Number: 1

  • Number of Pages: XIX, 314

  • Number of Illustrations: 1 b/w illustrations, 2 illustrations in colour

  • Topics: International Economics, Labor Economics, Development Economics, Microeconomics

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