Often it is simply assumed by people writing on development that foreign direct investment (FDI) is helpful to developing countries. In this work, Moran (School of Foreign Service, Georgetown
U., US), Graham (Institute for International Economics, US), Blomström (president, European Institute of Japanese Studies, Stockholm School of Economics, Sweden) present 14 papers that seek
more complete understanding of the influence of FDI on host country economies. The first group of papers explores the theoretical aspects of identifying positive externalities and spillovers
from FDI. These papers are followed by studies investigating the connections between FDI and host country growth. Finally, a group of industry case studies and econometric studies are used to
draw out the policy implications for harnessing the beneficial aspects of FDI. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)
