Abstract
Most of the so-called success stories of adjustment policy owe the improvement in their macroeconomic indicators, at least in part, to a significant influx of foreign investment. Many of the world’s fastest-growing stock markets are to be found in those countries which have made economic liberalization appear a prerequisite for economic growth.1 Increasingly over time, therefore, within the framework of the adjustment policies they sponsor, the role of foreign investment has grown in importance in the eyes of the International Monetary Fund (IMF) and, more especially, the World Bank.2
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Hogg, D. (1999). The Tragedy of Competitive Deregulation: Investment Codes, the World Bank and the Environment. In: Fairweather, N.B., Elworthy, S., Stroh, M., Stephens, P.H.G. (eds) Environmental Futures. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-27265-5_6
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