Foreign Direct Investment in Developing Countries

A Theoretical Evaluation

Authors: Chaudhuri, Sarbajit, Mukhopadhyay, Ujjaini

  • 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
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  • Due: November 11, 2016
  • ISBN 978-81-322-2913-1
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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.

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.

Table of contents (10 chapters)

  • Role of FDI in Developing Countries: Basic Concepts and Facts

    Chaudhuri, Sarbajit (et al.)

    Pages 1-17

  • General Equilibrium Models: Usefulness and Techniques of Application

    Chaudhuri, Sarbajit (et al.)

    Pages 19-45

  • FDI, Welfare and Developing Countries

    Chaudhuri, Sarbajit (et al.)

    Pages 47-77

  • FDI, SEZ and Agriculture

    Chaudhuri, Sarbajit (et al.)

    Pages 79-100

  • FDI and Relative Wage Inequality

    Chaudhuri, Sarbajit (et al.)

    Pages 101-137

Buy this book

eBook $139.00
price for USA (gross)
  • ISBN 978-81-322-1898-2
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $179.00
price for USA
  • ISBN 978-81-322-1897-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $179.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: November 11, 2016
  • ISBN 978-81-322-2913-1
  • Free shipping for individuals worldwide
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Bibliographic Information

Bibliographic Information
Book Title
Foreign Direct Investment in Developing Countries
Book Subtitle
A Theoretical Evaluation
Authors
Copyright
2014
Publisher
Springer India
Copyright Holder
Springer India
eBook ISBN
978-81-322-1898-2
DOI
10.1007/978-81-322-1898-2
Hardcover ISBN
978-81-322-1897-5
Softcover ISBN
978-81-322-2913-1
Edition Number
1
Number of Pages
XIX, 314
Number of Illustrations and Tables
1 b/w illustrations, 2 illustrations in colour
Topics