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Foreign Direct Investment and the World Economy

Foreign Direct Investment and the World Economy

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Key Metrics

  • Ashoka Mody
  • Routledge
  • Hardcover
  • 9780415701921
  • 9.54 X 6.34 X 0.78 inches
  • 1.18 pounds
  • Business & Economics > Investments & Securities - General
  • English
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Book Description

Asking the question of whether Foreign Direct Investment (FDI) is 'integrating' the world economy, this comprehensive volume consists of an overview of current FDI research.

While the term 'integrating' is often used, the real test should be whether FDI is instrumental in bringing per capita incomes across countries closer together. By this yardstick, the answer is no. The forces driving FDI are strong; they lead it to flow to countries with attractive investment conditions and, moreover, investors have a tendency to follow each other. It is in such settings that FDI appears to have the most beneficial effect in raising growth.

Written by an authority in this area, Ashoka Mody, this book will greatly appeal to all international and development economists.

Foreign Direct Investment and the World Economy

Author Bio

Ashoka Mody is Charles and Marie Robertson Visiting Professor in International Economic Policy at the Woodrow Wilson School, Princeton University. 

He is author of EuroTragedy: A Drama in Nine Acts. Previously, Professor Mody was Deputy Director in the International Monetary Fund’s Research and European Departments. He has worked at the World Bank, AT&T’s Bell Laboratories, and the Centre for Development Studies, Trivandrum. 

He has been a Visiting Professor at the University of Pennsylvania’s Wharton School and is a non-resident fellow at the Center for Financial Studies, Frankfurt. He received his Ph.D. in Economics from Boston University.

 

Source: Princeton University 

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