Chap007 - Chapter The Political Economy Of Foreign Direct...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Chapter The Political Economy Of Foreign Direct Investment 7 Case: FDI and the Irish miracle FDI in Ireland grew from $164m (1985) to $24b (2000) By 2000 two-thirds of Irelands top exporters were MNEs Reasons for Ireland’s success Member of EU (access to EU markets) Highly educated workforce Good infrastructure Political ideology and FDI Radical View Pragmatic Nationalism Free Market Radical view Marxist view, that MNE’s exploit less developed host countries Extract profits Give nothing of value in exchange Instrument of domination not development Keep less-developed countries relatively backward and dependent on capitalist nations for investment, jobs, and technology Radical view Radical view was popular (1945-80) among Communist countries (China, Cuba) Sot countries in Africa Nationalistic countries (Iran, India) Radical view-short lived? By end 1980s radical view was in retreat Collapse of communism Bad economic performance of countries that embraced the radical view Strong economic performance of countries who embraced capitalism rather than the radical view Free market view . Nations specialize in goods and services that they can produce most efficiently Resource transfers benefit and strengthen the...
View Full Document

This note was uploaded on 09/08/2011 for the course MGNT 3650 taught by Professor Grimes during the Spring '11 term at Georgia Southwestern.

Page1 / 26

Chap007 - Chapter The Political Economy Of Foreign Direct...

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online