Globalization, Foreign Direct Investment, and Technology Transfers: Impacts on and Prospects for Developing Countries

Globalization, Foreign Direct Investment, and Technology Transfers: Impacts on and Prospects for Developing Countries

Globalization, Foreign Direct Investment, and Technology Transfers: Impacts on and Prospects for Developing Countries

Globalization, Foreign Direct Investment, and Technology Transfers: Impacts on and Prospects for Developing Countries

Synopsis

In this book, Nagesh Kumar and expert contributors examine and explain the emerging patterns in international technology transfers and foreign direct investment flows (FDIs) over the past two decades. They analyse the trends in internationalization of corporate activity in individual source countries, discussing outflows from both major and emerging source countries. This departs from the existing treatments of FDI as homogenous resource and allows for a more detailed prediction of future outflow patterns. Throughout, the research focuses upon the implications of new trends for developing countries. Kumar concludes by outlining the policy implications for the governments of such countries seeking to mobilize technology and FDI for their industrialization and further integration into the international community. Controversially, he cautions against excessive optimism about the potential of FDI inflows as an agent of development. This book draws together much data and information which is not readily available and provides reflections upon international business negotiations from a developing country's perspective.

Excerpt

The contributions included in this book have been prepared as a part of the UNU/INTECH research project on foreign direct investment, technology transfers and export-orientation in developing countries. They are intended to provide a background to a quantitative analysis of the factors that shape the role that MNEs play in industrialization, technology transfer, export expansion and innovative activity of their host countries. The quantitative studies themselves are reported in a forthcoming companion volume entitled Globalization and the Quality of Foreign Direct Investment Inflows: A Quantitative Explanation of the Role of Multinationals in Industrialization, Export-expansion and Innovation in the Host Countries. A selective review of existing literature on some of the issues addressed in this volume has been presented in parts of Technology, Market Structure and Internationalization: Issues and Policies for Developing Countries (Nagesh Kumar and N. S. Siddharthan, Routledge and UNU Press, 1997).

The completion of this book gives me an opportunity to acknowledge the intellectual debt accumulated in the course of its preparation. My foremost gratitude is to Professor Charles Cooper, UNU/INTECH’s director, who has lent his wholehearted support to the project and has offered valuable advice whenever sought. I would like to thank my collaborators in this volume for agreeing to contribute their inputs and cooperation by meeting different deadlines. Most of these contributions were discussed in their draft form at an international workshop held in Maastricht in November 1996. We are grateful to the participants for their comments, especially to Professor Danny Van Den Bulcke of the University of Antwerp—RUCA, and Dr Kwang Jun of the World Bank for their discussions of the papers presented in this volume. Professor Van Den Bulcke also read the whole manuscript thoroughly and made many valuable suggestions.

A number of colleagues and friends have contributed to the project in different stages through discussions and by sharing data and information. I benefited from the discussions with Larry Westphal of Swarthmore College in the United States and formerly of UNU/INTECH in the initial stages of the project. Rakesh Mohan of the National Council of Applied Economic . . .

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