Foreign Direct Investment and Development: Launching a Second Generation of Policy Research; Avoid the Making of the First, Reev

Moran (foreign service, Georgetown U.) examines past research on the interaction between foreign investors and developing host economies and identifies 12 channels though which foreign direct investment can have a positive or negative impact on the real income, standard of living, and growth rate of the host economy. The analysis reveals differences among the natural resource, infrastructure, manufacturing, assembly, and service sectors, yielding specific recommendations for improving the accuracy and usefulness of future research. Annotation 穢2011 Book News, Inc., Portland, OR (booknews.com)