Foreign Investment, Development, and Globalization: Can Costa Rica Become Ireland?
- ISBN-10
- 1403978816
- ISBN-13
- 9781403978813
- Category
- Political Science
- Pages
- 250
- Language
- English
- Published
- 2005-10-13
- Publisher
- Springer
- Author
- E. Paus
Description
This book engages the question, hotly debated among theorists and policymakers alike, of how a developing country's pursuit of foreign direct investment (FDI) affects its development prospects in a globalized world. Can small latecomers to economic development use high-tech FDI to rapidly expand indigenous capabilities, thus shortcutting stages of the industrialization process? What conditions, economic and non-economic, must be met for this strategy to succeed? Using the cases of Ireland and Costa Rica, the author shows how the dynamics of the FDI-development nexus have changed over time, rendering problematic Costa Rica's attempt, and those of other latecomers, to replicate the Celtic Tiger's success story.
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