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The Bank's approach to direct foreign investment in developing countries : an evaluation (Inglês)

The purpose of this paper is to evaluate the Bank's involvement in assisting member countries to attract and benefit from direct private foreign investment, and to suggest a set of general principles within which future Bank assistance and policy advice can be framed. Foreign investment is an area which has generated an extensive body of literature, especially on the evaluation of economic effects in host countries. The paper assumes that it is up to the host government to decide whether, and to what extent, foreign investment forms part of its development strategy. Within this context, the paper examines what has been, or should be, the Bank's role given a government's stance toward foreign investment. Specifically, the paper briefly reviews the role of foreign investment in developing countries, and major areas in which host government policies and practices influence foreign investment. It also describes the Bank's involvement in assisting countries to improve foreign investment policies and draws from the study by K. Hallberg, "Foreign Investment Incentives and Restrictions in Developing Countries: An Analysis of World Bank Policy Recommendations." Further to this, it evaluates the Bank's approach and suggests a set of guidelines for future Bank involvement.

Detalhes

  • Autor

    Bannon, Ian

  • Data do documento

    1986/12/31

  • TIpo de documento

    Documento de trabalho departamental

  • No. do relatório

    CPD4

  • Nº do volume

    1

  • Total Volume(s)

    1

  • Data de divulgação

    2012/02/02

  • Disclosure Status

    Disclosed

  • Nome do documento

    The Bank's approach to direct foreign investment in developing countries : an evaluation

  • Palavras-chave

    high economic rates of return;Canadian Journal of Economics;economic and sector work;decline in productivity;foreign direct investment;repatriation of profit;investment in enterprise;foreign investment activity;corporate income tax;number of jobs;foreign investment policy;choice of technology;overvalued exchange rate;lack of consistency;balance of payment;policy and institution;repatriation of capital;raw material;Economic Policy;home countries;home country;incentive system;special incentives;foreign investor;external liability;promotional activity;Tax Holiday;investment climate;manufacturing sector;bureaucratic barriers;adjustment loan;Investment Flow;future bank;industrial sector;host economy;incentive policy;domestic investor;Energy Sector;foreign exchange;imported inputs;political risk;parent company;opportunity cost;management control;production sharing;supply contract;administrative capacity;financial liberalization;foreign technology;license payment;import substitution;investment incentive;Technology Transfer;government objective;specific incentives;fixed percentage;labor skills;skilled manpower;high inflation;promotion agency;economic crisis;private investment;investment code;financial flow;cultural change;voting stock;regulatory system;international arbitration;employment potential;foreign subsidiary;industrial concentration;marketing expertise;industrial finance;borrowing limit;foreign equity;price formula;foreign partner;private investor;complementary financing;investment proposal;investment approvals;adjustment strategy;bank group;administrative procedure;adjustment lending;clear rules;screening procedure;legal protection;export industry;Investment Review;approval process;important component;foreign enterprise;relative performance;survey results;tax incentive;regulatory requirement;unequal treatment;ownership restriction;human infrastructure;geographical location;import duty;vested interests;steel mill;common incentive;foreign ownership;short period;gross revenue;net inflows;bank's involvement;alternative policy;interest issue;export growth;reducing barriers;severe burden;dividend income;reform economic;

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