Foreign Investment, Development, and Globalization: Can Costa Rica Become Ireland?

By Eva Paus

Book Overview

This book engages the question, hotly debated among theorists and policymakers alike, of how a developing country's pursuit of foreign direct investment (FDI) affects its development prospects in a globalized world. Can small latecomers to economic development use high-tech FDI to rapidly expand indigenous capabilities, thus shortcutting stages of the industrialization process? What conditions, economic and non-economic, must be met for this strategy to succeed? Using the cases of Ireland and Costa Rica, the author shows how the dynamics of the FDI-development nexus have changed over time, rendering problematic Costa Rica's attempt, and those of other latecomers, to replicate the Celtic Tiger's success story.

• Format: Paperback
• Language: English
• ISBN: 1349531529
• ISBN13: 9781349531523
• Release Date: October 2005
• Publisher: Palgrave MacMillan
• Length: 250 Pages
• Weight: 0.69 lbs.
• Dimensions: 0.6" x 5.5" x 8.5"