• Pasquale PazienzaEmail author
Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)


One of the most relevant aspects of the globalization phenomenon is represented by the dynamic of financial capital flows around the world. Although the term “international financial flow” refers to a series of forms of capital, in which Official Development Assistance (ODA) and tools of the so-called Private International Finance (PIF), such as portfolio equity investment and debt finance are considered, it often centres on Foreign Direct Investment (FDI). The reason why most of the available literature refers to FDI lies in the fact that, as a form of private capital, it accounts for the greatest part of the PIF to emerging economies. Its relevant and beneficial role in countries growth and development processes is generally recognized and reported in terms of job creation, introduction and spread of innovation and new technologies, transfer of intangible resources such as better practices and new methods of organization, which result in production efficiency improvements and increase in competitiveness.


Foreign Direct Investment International Investment Pollution Haven Official Development Assistance Foreign Direct Investment Flow 
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.


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Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of FoggiaFoggiaItaly

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