The determinants of liberalization of FDI policy in developing countries / Stephen Kobrin in Transnational Corporations, TRANSCORP 14/1 (April 2005) ([11/12/2018])  

Public ISBD [article]  inTransnational Corporations > TRANSCORP 14/1 (April 2005) [11/12/2018] . - p. 67-104 Titre : The determinants of liberalization of FDI policy in developing countries : a cross-sectional analysis, 1992-2001 Type de document : texte imprimé Auteurs : Stephen Kobrin, Auteur Année de publication : 2018 Article en page(s) : p. 67-104 Langues : Anglais (eng) Catégories : Libéralisation Tags : Libéralisation du commerce  IDE  Pays en développement Index. décimale : 03.01 COMMERCE / MONDIALISATION Généralités Résumé : The decade of the 1990s was characterized by widespread liberalization of laws and regulations affecting inflows of foreign direct investment in developing countries. Using a data base supplied by UNCTAD, this article employs a cross-sectional regression methodology to analyze the determinants of liberalization of foreign direct investment policies in 116 developing countries from 1992 to 2001. Ninety-five per cent of the changes in such policies over the decade (1,029 of 1,086) were liberalizing rather than restrictive. Two possible explanations of liberalization are suggested: policy makers’ beliefs that attracting more foreign direct investment is in the best interests of their countries, and external pressure to adopt neoliberal economic policies either from the dominant power (the United States) or international organizations such as the World Bank or International Monetary Fund. Results provide strong support for the “rational” decision (or “opportunity costs of closure”) argument and only limited support for the external pressure thesis. Country size, level of human resource capabilities and trade openness are found to be the primary determinants of the propensity to liberalize. En ligne : https://unctad.org/en/Docs/iteiit20051_en.pdf [article] The determinants of liberalization of FDI policy in developing countries : a cross-sectional analysis, 1992-2001 [texte imprimé] / Stephen Kobrin, Auteur . - 2018 . - p. 67-104. Langues : Anglais (eng) in Transnational Corporations > TRANSCORP 14/1 (April 2005) [11/12/2018] . - p. 67-104 Catégories : Libéralisation Tags : Libéralisation du commerce  IDE  Pays en développement Index. décimale : 03.01 COMMERCE / MONDIALISATION Généralités Résumé : The decade of the 1990s was characterized by widespread liberalization of laws and regulations affecting inflows of foreign direct investment in developing countries. Using a data base supplied by UNCTAD, this article employs a cross-sectional regression methodology to analyze the determinants of liberalization of foreign direct investment policies in 116 developing countries from 1992 to 2001. Ninety-five per cent of the changes in such policies over the decade (1,029 of 1,086) were liberalizing rather than restrictive. Two possible explanations of liberalization are suggested: policy makers’ beliefs that attracting more foreign direct investment is in the best interests of their countries, and external pressure to adopt neoliberal economic policies either from the dominant power (the United States) or international organizations such as the World Bank or International Monetary Fund. Results provide strong support for the “rational” decision (or “opportunity costs of closure”) argument and only limited support for the external pressure thesis. Country size, level of human resource capabilities and trade openness are found to be the primary determinants of the propensity to liberalize. En ligne : https://unctad.org/en/Docs/iteiit20051_en.pdf

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