Foreign Investment, Development, and Globalization: Can Costa Rica Become Ireland?

Paus, E.

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.

Details

Published by: Palgrave Macmillan

Publication Date: 2005-10-13

Format: Hardcover

ISBN-13: 9781403969835

DOI: 10.1057/9781403978813

Dimensions: 216cm x140cm

Pages: 250