91 research outputs found
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
SIGLEGBUnited Kingdo
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
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