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China and India’s Development Strategies: Lessons for Developing CountriesAmelia U. Santos-Paulino and Guanghua Wan China and India have become global economic powers. Even at the market exchange rate, China overtook Japan...
Amelia U. Santos-Paulino and Guanghua Wan China and India have become global economic powers. Even at the market exchange rate, China overtook Japan...
Part of Book External Finance for Private Sector Development
As one of globalisation's most visible dimensions, foreign direct investment (FDI) is central to the prospects for developing countries in the world economy. Key issues include the direction of causation between FDI and growth, the potential role of...
There has been considerable media coverage of China’s trade and financial activities, on India’s emergence as a technology and innovation hub, and on the commerce and investment interactions between China, India, Brazil, and South Africa and other...
This report summarizes information from the 2012 round of the Vietnam Technology and Competitiveness Survey (TCS), collaboratively developed by the Central Institute for Economic Management (CIEM), the General Statistics Office (GSO), and the...
One feature of exporting firms in Cambodia is that they are not of domestic origin but are foreign firms that export from the moment they are established in Cambodia. In this paper we examine the extent to which the presence of foreign-owned export...
By Imed Drine Whilst having a global impact, the current financial and economic crisis is clearly affecting certain regions more severely than others...
This report summarizes information from the 2012 round of the Vietnam Technology and Competitiveness Survey (TCS), collaboratively developed by the Central Institute for Economic Management (CIEM), the General Statistics Office (GSO), and the...
African countries have sought to replicate the success of East Asia by implementing special economic zones. Despite decades of international experience, there remains no blueprint for successful special economic zone policies, and the majority of...
Vietnam has been among the most successful East Asian economies, especially in weathering the external shocks of recent globalization crises. Examination of economic performance and policy responses shows rising dependence on foreign finance around...
This report is based on a survey module incorporated into the 2009 Vietnam Enterprise Survey conducted by the General Statistics Office (GSO) of Vietnam in 2010.1. The survey module was specifically designed by the Development Economics Research...
The emergence of a select group of developing countries as destinations for private portfolio investment in the 1990s (and the subsequent peso crisis in Mexico in 1994) has rekindled the old issues about the responsibilities and capacities public...
It is increasingly appreciated that improved markets for investment in equities can help promote faster economic growth. Such improvement also allows the ordinary saver to share in that growth. The past decade has seen quite extraordinary expansion...
This paper explores the relationship between foreign direct investment (FDI) and the productivity of host country domestic firms. We rely on a specially designed survey of over 4000 manufacturing firms in Vietnam, and separate out productivity gains...
We analyse the Granger causal relationships between foreign direct investment (FDI) and GDP in a sample of 31 developing countries covering 31 years. Using estimators for heterogeneous panel data we find bi-directional causality between the FDI-to...
This paper investigates the simultaneous causal relationship between investments in information and communication technology (ICT) and flows of foreign direct investment (FDI), with reference to its implications on economic growth. For the empirical...
The paper examines the causal relationship between FDI and economic growth by using an innovative econometric methodology to study the direction of causality between the two variables. We apply our methodology, based on the Toda-Yamamoto test for...
Data from several investor surveys suggest that macroeconomic instability, investment restrictions, corruption and political instability have a negative impact on foreign direct investment (FDI) to Africa. However, the relationship between FDI and...
The abundance of private capital flows confronts many emerging-market authorities with a transfer problem. They must decide whether to accept or resist the net capital inflow, or how much to accept and how much to resist. This paper aims at assisting...
The management of international reserves remains one of the understudied aspects of the international monetary system. There are now a number of reasons why this should change. On the supply side of the market there is the advent of the euro...
The partial effect of nominal exchange rate volatility on exports from each EMU member to the rest of the EMU is estimated on annual data for 1967-97, using modern time-series methods. The long-run relations between exchange rate volatility and...
Six Southeast Asian countries (Cambodia, Lao People’s Democratic Republic, Malaysia, Myanmar, the Philippines, and Thailand) defied Gunnar Myrdal’s pessimistic prognosis in his 1968 volume, Asian Drama, regarding their prospects for development. In...
Foreign direct investment (FDI) has been praised as an important development tool, especially for countries at low levels of industrial development...
We analyse the business cycles in China and in selected OECD countries between 1992 and 2006. We show that, although negative correlation dominates for nearly all countries, we can also see large differences for various frequencies of cyclical...
At the start of the last decade, Mozambique’s prospects looked stellar. Following from the early 1990s, when peace finally arrived after a devastating...
The paper investigates the impact of exchange rates on US foreign direct investment (FDI) flows to a sample of 16 emerging market countries using annual panel data for the period 1990-2002. Three separate exchange rate effects are considered: the...
This article is part of UNU’s “17 Days, 17 Goals” series, featuring research and commentary in support of the United Nations Sustainable Development...
The celebration of the 30th Anniversary of UNU-WIDER presented the ideal opportunity to look back, take stock, and plan ahead. Where else can a group...
The aim of this paper is to analyse the effect of institutional reforms on the revival of African economies. We study the impact of positive changes in business environment indicators of the Doing Business project and the Economic Freedom Index of...
The purpose of this paper is to capture the impact of foreign capital inflows (which include foreign aid and foreign direct investment) on economic growth in Cameroon. Using the autoregressive distributive lag approach to cointegration and time...