Foreign Direct Investment: Its Causes, Its Contribution and Some of Its Consequences |
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| Authors: | Phedon Nicolaides |
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| Affiliation: | Senior Lecturer at the European Institute of Public Administration (EIPA) in Maastricht in the Netherlands and is the author, with Stephen Thomsen, of Death of a Transistor Salesmen: The Evolution of Japanese Direct Investment in Europe. This is a shortened version of a paper entitled "Industrial Policy and Foreign Direct Investment" presented at an EIPA workshop on Industrial Policy: Challenge of the Nineties in March 1992. |
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| Abstract: | As was documented in the last Business Strategy Review, foreign direct investment expanded very rapidly in the late 1980's, particularly in the United Kingdom. It is a development that is welcomed and feared in about equal measure. In America, it has stimulated a debate about who truly represents the commercial interest of Americans, the question of "who is us?". This article documents the growth of FDI, and traces some of the factors which have shaped it, and it closely investigates what the implications are for government policy towards industry. |
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