| Foreign Direct Investment, Democracy and Development: Assessing Contours, Correlates and Concomitants of Globalization Contributor(s): de Soysa, Indra (Author) |
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ISBN: 0415250544 ISBN-13: 9780415250542 Publisher: Routledge OUR PRICE: $44.60 Product Type: Hardcover - Other Formats Published: May 2003 Annotation: Why should democracy and foreign capital be studied as important determinants of the future of global integration? This is just one of the questions discussed by this book. The author addresses the crucial issue of global integration and economic growth and development by focusing on two of the most salient integrative forces in the globalization process: in the economic sphere, trade and direct investment are driving economic integration; in the political sphere, an unprecedented number of states have yielded to the 'Third Wave' of democritization. The effects of these forces are analyzed and their implications are discussed, as the author presents a systematic analysis of the various propositions on both sides of the globalization debate. |
| Additional Information |
| BISAC Categories: - Business & Economics | International - Economics - Political Science - Social Science |
| Dewey: 337 |
| LCCN: 2002036935 |
| Series: Routledge Advances in International Political Economy |
| Physical Information: 0.6" H x 6.36" W x 9.5" (0.96 lbs) 172 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: The effects of globalization on economy and society are highly contested subjects in academic and political arenas. This study brings an empirical perspective to the crucially important arguments that encapsulate the major debates in this area. Using quantitative data, this book addresses the shape and degree of internationalisation by focussing on the impact of Foreign Direct Investment (FDI) and democracy on economic development and the effects of economic internationalisation on democracy. The author examines democracy's effects on economic growth and considers the claim that foreign capital has a detrimental effect on democracy to show that FDI in fact plays a supporting role for democracy and creates higher growth rates than domestic capital. From these results the author suggests that policy makers should seek to encourage globalization by ensuring open access to products from poorer countries, encouraging private investment within poorer countries and that such countries should concentrate on building up human and institutional capital to attract investment. |