Foreign direct investment and economic integration

In this paper, we explore the role of foreign direct investment (FDI) on the competitiveness of emerging economies and economic integration. We structure the paper as follows. Following this Introduction (Section I), in Section II, we assess briefly and critically extant theories of FDI and the MNE. In Section III, we critically assess competitiveness and catching-up theory and policy and the role of FDI in this context. Section IV sets off from limitations of extant scholarship identified in the previous section to develop a novel framework for competitiveness and catching-up and discuss the role of FDI, clusters and government policy in its context. Section V discusses ways through which emerging economies can effect economic integration through enhanced competitiveness and accelerated catching-up, by leveraging strategies informed from recent developments on scholarship in International Business (IB) strategy. Section VI summarizes and concludes

Will East Germany Become a New Mezzogiorno?

Despite massive regional policy efforts, GDP per capita in Southern Italy has only briefly converged on Northern Italian levels in the 1960's. Failure of convergence since then is associated with a policy switch from investment toward income maintenance, with reduced wage sensitivity to regional labor market conditions and with increases in rent-seeking opportunities and corruption. East Germany's early experience of rapid wage income, but not productivity, convergence raised fears that a Mezzogiorno scenario could be repeated. Since then, however, investment and productivity have risen while wage setting has become more flexible. Given East Germany's greater 'social capability' for growth, and provided that investment continues to be encouraged, the prospects for convergence are now more promising. (c) 1997 Academic Pres

Convergence, competitiveness and the exchange rate

SIGLEAvailable from British Library Document Supply Centre- DSC:3597.9512(CEPR-DP--970) / BLDSC - British Library Document Supply CentreGBUnited Kingdo

Why do countries change their fiscal policies? Western Europe in the 1980's

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Will East Germany become a new Mezzogiorno?

SIGLEAvailable from British Library Document Supply Centre-DSC:3597.9512(CEPR-DP--1256) / BLDSC - British Library Document Supply CentreGBUnited Kingdo