Descrição
Autores: Henrique Estides Delgado
Sinopse:
The Foreign Direct Investment (FDI), that was mainly flowing to developing countries before the Second World War, became increasingly concentrated among developed economies since the war's aftermath. A similar increase in the concentration of other capital flows and trade followed suit during many decades in which the liberal post-war international order was far from being global. By late 20th century, increased international willingness to expand global markets was matched by changes in the economic policy of developing countries, originating a process that started to reshape economic geography and reorient FDI flows and other economic flows. Eventually, in the wake of the 2008 global financial crisis, developing countries again received the bulk of global FDI flows. The author argues that the primary reason for the new distribution of FDI is how institutional change at the global level interacted with institutional change within countries. As such, this interaction will also define the reorientation's endurance. To sustain the point, the book takes the cases of China and Brazil, demonstrating that the change in the incentive structure – provided by the international environment around the end of the Cold War and the creation of the World Trade Organization (WTO) – was accompanied by major domestic institutional transformations, along with the pursuit of greater integration with the global economy. The FDI, which was always present in Brazil, gained a new relevance, while in China it emerged during the reform era in a way that was responsible for a large part of the unprecedented growth the country experienced. By emphasizing that well defined policies are critically important to harness the FDI to further induce higher goals of development at large, this book establishes the basis on which to evaluate this phenomenon.
Editora:Editora CRV
ISBN:ISBN: 9788544418703
DOI:10.24824/978854441870.3
Ano de edição:2017
Número de páginas:152
Formato:14x21
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Assunto:
D331
Delgado, Henrique Estides.
On the role of FDI – economic change through international economic
integration: the cases of Brazil and China / Henrique Estides Delgado
152 p.
Bibliography
ISBN 978-85-444-1870-3
DOI 10.24824/978854441870.3
1. Economy 2. International Market 3. Globalization 4. FDI I. Tittle
II. Series.
CDU 339.5 CDD 382.4
343.087
CONTENTS
PRESENTATION
FOREWORD
FOREIGN DIRECT INVESTMENT: characteristics
and perspectives
FDI as capital
The place of FDI in international fnance and
National Accounts
Historical trend of capital flows
Why would a frm become a MNE? The reasons
behind FDI
Hurdles in the way of FDI
Types of FDI
Goal
Entry mode
Structural characteristic
Institutions, organizations and their place in
economic change
The MNE as viewed by the host country
Reassessing the particularities of FDI from the
policy-maker perspective
What is the role of FDI in the process of economic
change? The case for case studies
China and Brazil: two case studies on the
role of FDI
EMERGING COUNTRIES IN THE SECOND WAVE
OF GLOBALIZATION
Waves of globalization and capital flows
The ashes of war
From the Santiago dissension to the
Washington Consensus
International Distribution of FDI
BRAZIL AND CHINA: two paths to prosperity
Normalization
Two paths to prosperity
Deciding to move out of a bad equilibrium
Import-substitution versus export-promoting strategies
From - onwards
CONCLUSION
REFERENCES
APPENDIX
