Foreign Direct Investment, Democracy, and Development: Assessing Contours, Correlates, and Concomitants of Globalization - Hardcover

De Soysa, Indra

Hardcover

ISBN 10: 0415250544 ISBN 13: 9780415250542

Publisher: Routledge, 2003

Synopsis

The effects of globalization on economy and society are highly contested subjects in academic and political arenas. This study brings an empirical perspective to the crucially important arguments that encapsulate the major debates in this area. Using quantitative data, this book addresses the shape and degree of internationalisation by focussing on the impact of Foreign Direct Investment (FDI) and democracy on economic development and the effects of economic internationalisation on democracy. The author examines democracy's effects on economic growth and considers the claim that foreign capital has a detrimental effect on democracy to show that FDI in fact plays a supporting role for democracy and creates higher growth rates than domestic capital. From these results the author suggests that policy makers should seek to encourage globalization by ensuring open access to products from poorer countries, encouraging private investment within poorer countries and that such countries should concentrate on building up human and institutional capital to attract investment.

About this title

About the Author

Indra de Soysa

Edition details

• Publisher: Routledge
• Publication date: 2003
• Language: English
• ISBN 10: 0415250544
• ISBN 13: 9780415250542
• Binding: Hardcover
• Edition number: 1
• Number of pages: 172