A Century of Foreign Investment in the Third World (Routledge Studies in International Business and the World Economy, 20)

Annotation The late twentieth century has witnessed a dramatic upsurge in foreign direct investment in the Third World. Based upon thorough statistical analysis, the book presents exhaustive case-studies of foreign investment policy in 'metropolitan' countries and of the experiences of 'host' countries throughout Africa, Asia and Latin America. With a wide geographical and historical focus, it also makes an important contribution to current debates on dependency theory Book Cover......Page 1 Title......Page 4 Contents......Page 5 Index of tables......Page 11 Index of graphs......Page 15 List of abbreviations and currencies......Page 16 Introduction......Page 18 Outline of the book......Page 20 Acknowledgments......Page 22 Conceptualizing and measuring foreign investment......Page 23 Dunning's ~eclectic model~ of FDI......Page 25 The Product Cycle and the Investment Development Path......Page 27 The obsolescing bargain......Page 28 Free Standing Companies......Page 29 Expatriate investment......Page 30 The Third World and colonies......Page 31 Colonial policy and FDI......Page 32 Measuring and comparing the size of FDI......Page 37 Capital and the capital output ratio......Page 39 Further measurement issues......Page 43 Final comments......Page 45 Notes......Page 46 The major source countries......Page 48 FDI in services......Page 57 Foreign Portfolio Equity Investment......Page 58 British investment......Page 59 Trends in British direct investment......Page 62 French overseas investment......Page 64 Issues in the measurement of French colonial investment......Page 68 The United States......Page 69 Belgium......Page 72 The Netherlands......Page 73 Japan......Page 74 Concluding comments......Page 78 Notes......Page 79 Africa......Page 81 Algeria......Page 84 Morocco......Page 91 Tunisia......Page 93 Cte d'Ivoire......Page 97 Liberia......Page 100 Zaire......Page 102 British Tropical Africa......Page 106 Ghana......Page 107 Nigeria......Page 110 Kenya......Page 111 Uganda......Page 114 North and South Rhodesia......Page 121 Zimbabwe......Page 122 Zambia......Page 124 Asia and the Middle East......Page 128 China......Page 129 India......Page 133 Indo-China......Page 140 Indonesia......Page 146 Korea......Page 150 Malaysia......Page 155 Philippines......Page 158 Taiwan......Page 159 Thailand......Page 162 The Middle East and petroleum......Page 163 Turkey......Page 167 Notes......Page 169 Latin America, the Caribbean and Canada......Page 171 Brazil......Page 176 Canada......Page 180 Chile......Page 182 Colombia......Page 187 Cuba......Page 189 Honduras......Page 192 Jamaica......Page 194 Mexico......Page 196 Peru......Page 201 Venezuela......Page 204 Notes......Page 207 General results......Page 210 Estimates of the foreign ownership of domestic capital......Page 215 The relative importance of expatriate investment......Page 217 Econometric explanation of pre-World War I FDI......Page 219 The relative size of railroads......Page 222 Railroad financing......Page 227 The Investment Development Path......Page 230 The ~Big Push~ and domestic growth......Page 233 Source country determinants of FDI growth......Page 234 Policies in host countries......Page 236 Location specific advantages in host countries......Page 238 Privatization and FDI......Page 239 Future trends......Page 240 Overall summary......Page 241 Notes......Page 242 Bibliography......Page 245 Index......Page 263 "Based on through statistical analysis A Century of Foreign Investment in the Third World presents comprehensive case studies of policy in 'metropolitan' countries and of the experiences of 'host' countries throughout Africa, Asia and Latin America. The findings reveal that foreign direct investment in - and therefore control over - third world countries was relatively higher at the beginning of the century than at its end." "The book's main innovation is its broad data set which uses a common frame of reference to make comparisons across historical, geographical and political boundaries. With its wide geographical and historical focus, this book makes an important contribution to current debates on dependency theory."--Jacket Does foreign direct investment occupy a larger role today in the economies of the Third World than it did at the beginning of the twentieth century?