Tests for the relationship between foreign direct investment and economic growth among some developing countries distributed between three geographic areas, over the period 1990-2005. Findings show that foreign direct investment do positively affect economic growth in Africa and Latin America/the Caribbean.
Despite efforts towards greater poverty relief and neoliberalism, countries with hundreds of millions of inhabitants are not simply falling behind in a global march toward ever-greater prosperity: they are heading in the wrong direction, spiraling down on their own paths of retrogression. The cases of Haiti and sub-Saharan Africa are highlighted.
