Private Foreign Investment (PFI)

  • Ramesh F. Ramsaran


In recent years there has been renewed interest in the role of private investment in stimulating growth and providing employment. There is a growing consensus that private sector led economies are more efficient than those dominated by state ownership and encumbered by various kinds of restrictions. Liberalization is being directed not only to the movement of goods, but also to services. It is recognized that certain measures affecting trade also influence investment, and because investment decisions could be influenced by non-market forces these measures are increasingly being brought within the purview of liberalization. Both in developed and developing countries, the government’s role is becoming increasingly more circumscribed, as efforts are being made to define a more limited role for the state and as economies are being reorganized to operate along the lines of market principles. In the present phase of the evolution of the world economy the pendulum has swung in favour of the private sector, as governments relinquish decision-making in a number of areas. Even in the developed countries the tendency is to encourage private initiatives in delivering ‘public goods’.


Foreign Direct Investment Host Country Foreign Investment Direct Investment Portfolio Investment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Further Reading

  1. Ahiakpor, J. C. W., Multinationals and Economic Development, Routtedge, London, 1990.CrossRefGoogle Scholar
  2. Barnet, R. J. and R. E. Muller, Global Reach, The Power of the Multinational Corporations, Simon and Schuster, New York, 1974.Google Scholar
  3. Black, J. and J. H. Danning, International Capital Movements, Macmillan Publishers Ltd, London, 1982.CrossRefGoogle Scholar
  4. Dunning, J. H., The Globalization of Business, Routledge, London, 1993.Google Scholar
  5. International Monetary Fund, Report on the Measurement of International Capital Flows, IMF, Washington DC, September, 1992.Google Scholar
  6. International Monetary Fund, Foreign Private Investment in Developing Countries, Washington, DC, 1995, Occasional Paper, No. 33.Google Scholar
  7. Khan, M. S. and C. M. Reinhart, Capital Flows in the APEC Region, IMF, Washington DC, 1995.Google Scholar
  8. Lall, S. and P. Streeten, Foreign Investment, Transnationals and Developing Countries, The Macmillan Press Ltd, London, 1977.CrossRefGoogle Scholar
  9. Michie, J. and J. G. Smith (eds), Managing the Global Economy, New York, Oxford University Press, 1995.Google Scholar
  10. OECD Towards Multilateral Investment Rules, OECD, Paris, 1996.Google Scholar
  11. Oman, C., New Forms of International Investment in Developing Countries, OECD, Paris, 1984.Google Scholar
  12. The Institute of International Finance, Inc., Fostering Foreign Direct Investment in Latin America. The Institute of International Finance, Washington, DC, July, 1990.Google Scholar
  13. United Nations, The Impact of Trade-related Investment Measures, UN, New York, 1991.Google Scholar
  14. United Nations, Formulation and Implementation of Foreign Investment Policies, UN, New York, 1992.Google Scholar
  15. United Nations, The Determinants of Foreign Direct Investment: A Survey of the Evidence, UN, New York, 1992.Google Scholar
  16. United Nations, Explaining and Forecasting Regional Flows of Foreign Direct Investment, UN, New York, 1993.Google Scholar
  17. United Nations, Transnational Corporations From Developing Countries, UN, New York, 1993.Google Scholar
  18. United Nations World Investment Report, 1993, UN, New York, 1993.Google Scholar
  19. United Nations, The Transnationalization of Service Industries, UN, New York, 1993.Google Scholar
  20. United Nations, World Investment Report1996, UN, New York, 1996.Google Scholar
  21. United Nations, Transnational Corporations and World Development, International Thompson Business Press, London, 1996.Google Scholar
  22. World Bank, Global Development Finance, World Bank, Washington, DC, 1997.Google Scholar

Copyright information

© Ramesh F. Ramsaran 1998

Authors and Affiliations

  • Ramesh F. Ramsaran
    • 1
  1. 1.Institute of International RelationsUniversity of the West IndiesSt AugustineTrinidad

Personalised recommendations