Suchergebnisse

In the contemporary global political economy, foreign direct investment (FDI) is gaining currency on daily basis. Notably, the end of the Cold War has brought about the dominance of neoliberal ideology with its mantra of private-sector-led economy. As such, nation-states now see FDI attraction as an important element in their approach to national development. Governments and policy makers are preoccupying themselves with unraveling the best strategies to not only attract more FDI but also to attain the desired socio-economic development status. In Nigeria, the perceived development potentials of FDI have brought about aggressive hunt for foreign investors, most especially since transition to civilian rule in May 1999. Series of liberal and market oriented strategies are being adopted not only to attract foreign investors but largely to stimulate private sector participation in the economy. It is on this premise that this study interrogates the politics of FDI attraction for domestic development in Nigeria between 1999 and 2014, with the ultimate aim of examining the nexus between regime type and the ability of a state to attract and benefit from FDI. Building its analysis within the framework of institutional utilitarianism, the study posits that the essential FDI strategies for achieving the greatest happiness for the greatest number of Nigerians are political not economic. Both content analysis and descriptive survey methodology were employed in carrying out the study. Content analysis involves desk review of literatures that culminated in the development of the study's conceptual and theoretical framework of analysis. The study finds no significant relationship between transition to democracy and FDI inflows in Nigeria, as most of the attracted investments during the period of the study were market and resource seeking as was the case during the military regime, thereby contributing minimally to the socio-economic development of the country. It is also found that the country placed much emphasis on ...

The discussions on investment facilitation at the multilateral level require clarifying the distinction between investment promotion and investment facilitation. They lie on a continuum: while "promotion" is based on disseminating information about comparative advantages and investment opportunities of a country, "facilitation" aims at establishing common procedures for all investors.

Examines trends in the flows of direct investment to the West Midlands
region of the UK during the 1980s. An analysis of Invest in Britain
Bureau data reveals two trends of particular interest: the marked
increase in the WMR′s share of FDI flows to the UK during the 1980s, and
the unusually large flows to the region from EC countries. Two surveys
on locational factors revealed the attraction of the WMR as being its
central position within the UK and its good national, regional and local
communications. The effect of those flows to the WMR was to alter the
stock position so that, in 1989, 39 per cent of the stock of FOCs
originated from other EC countries and 37 per cent from North America. A
survey of 111 of these companies revealed a number of differences
between the behaviour of FOCs from the EC and North America: in sectors
and functions, employment and training, the sourcing of inputs, export
markets and R&D activity. Hypothesizes that many of the differences can
be explained by the different vintages of the investments. A major
policy implication which arises from the analysis is that the full
benefits of FDI to a region take time to build up. Moreover, local
policy action may be necessary to capture these long‐term benefits.

This study examines whether the CEECs' financial market development can explain the EU FDI in the CEECs during 1994-2012. The higher bank credit flows had a positive effect on the FDI in 2005-2012. This can be attributed to the major banking sector reforms undertaken before the CEECs' EU accession. Second, the stock market size had a positive effect in 1997-2004. This is due to the fact that the EU membership announcement facilitated deeper stock market integration. Third, the higher country income, in interaction with a higher bank credit flow, had only a small positive effect in 2005-2012. The higher income CEECs have pursued much deeper bank liberalization through large-scale privatization of state-owned banks. Finally, the higher country income, in interaction with a larger stock market size, had a negative effect in 2005-2012. A possible reason for this is that the EU countries have started to divert their new FDI to the non-EU countries.

The paper presents the theory of investment in the context with the Austrian theory of the trade cycle. The cycles are caused by interference with the natural rate of interest. They start with an increase in money supply through credit expansion. Firms use the money to finance capital goods (or consumers to finance consumption goods). This changes the capital structure and may result in booms and slumps. The same result can have stimulation of investment through tax cuts and similar measures which are intended to increase investment and employment. It gives rise to malinvestments which have to be removed by desinvestment process.