Foreign Direct Investment in Developing Countries A Theoretical Eval
In development literature Foreign Direct Investment (FDI) is traditionally considered to be instrumental for the economic growth of all countries, particularly the developing ones. It acts as a panacea for breaking out of the vicious circle of low savings
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Foreign Direct Investment in Developing Countries A Theoretical Evaluation
Foreign Direct Investment in Developing Countries
Sarbajit Chaudhuri • Ujjaini Mukhopadhyay
Foreign Direct Investment in Developing Countries A Theoretical Evaluation
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Sarbajit Chaudhuri Department of Economics University of Calcutta Kolkata, West Bengal India
Ujjaini Mukhopadhyay Department of Economics Behala College Kolkata, West Bengal India
ISBN 978-81-322-1897-5 ISBN 978-81-322-1898-2 (eBook) DOI 10.1007/978-81-322-1898-2 Springer New Delhi Heidelberg New York Dordrecht London Library of Congress Control Number: 2014942650 © Springer India 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
This book is dedicated to Shilabati Chaudhuri. She is no more, but her memories remain.
Foreword
With the inflow of FDI in developing countries picking up at a remarkable pace throughout the world, and the respective governments showing overwhelming enthusiasm in attracting FDI, it becomes necessary to ascertain the pros and cons of such inflows. Generally, it is believed that FDI is beneficial for a developing country and it may push the economy to higher growth orbits. However, developing countries are characterized typically by dualism and a host of market imperfections. In this s
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