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.
African American Research Center, Library, University of Illinois at Urbana-Champaign
Notes:
1 info packet., Contents: Blacks in Business : Swan Street : A catalyst for change - Black History Month - Black History Month panel discussion : Blacks in business the way forward - Black in business : Panellist
Benfield,Warren (Author) and Panadeiros,Monica (Author)
Format:
Book, Whole
Publication Date:
March 2010
Published:
Washington, DC: Inter-American Development Bank
Location:
African American Research Center, Library, University of Illinois at Urbana-Champaign
Notes:
80 p., Jamaica seems to be a puzzling case for economic growth: despite the structural reforms implemented in the last three decades and adequate investment levels, real GDP per capita is roughly the same as in 1970. The disappointing performance of this economy suggests that productive development policies (PDPs), including first-generation reforms, have not been enough to create a better environment for productivity growth. This paper examines the PDPs in Jamaica and concludes that behind the paradox of high investment and low growth of this economy are the "public debt trap" and a highly distortive tax incentive structure to attract foreign direct investment (FDI) and promote exports. Although industrial policy is moving towards a more modern conceptual design, the old schemes seem politically difficult to dismantle.