Information Externalities Affecting the Dynamic Pattern of Foreign Direct Investment : The Case of China /

The dynamic pattern of foreign direct investment (FDI) in developing countries shows a three-phase pattern. Despite government policies that promote it, initially the inflow of FDI is sluggish, followed by a period of considerable fluctuation before finally entering the stage of rapid growth. The pa...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Shirai, Sayuri
Kolejni autorzy: Huang, Dongpei
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 1994.
Seria:IMF Working Papers; Working Paper ; No. 1994/044
Hasła przedmiotowe:
Dostęp online:Full text available on IMF
Opis
Streszczenie:The dynamic pattern of foreign direct investment (FDI) in developing countries shows a three-phase pattern. Despite government policies that promote it, initially the inflow of FDI is sluggish, followed by a period of considerable fluctuation before finally entering the stage of rapid growth. The paper explains the pattern through recourse to two concepts: the searching process of individual investors and the information externalities of investors in the aggregate. Policy implications that may serve to shift an economy of a developing country from small-scale FDI to one of rapidly expanding FDI are considered. As China is a clear example of this pattern, it has been selected to promote understanding of the process.
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Opis fizyczny:1 online resource (28 pages)
Format:Mode of access: Internet
ISSN:1018-5941
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