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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.


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    Bannon, Ian

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

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