Foreign Direct Investment: A Brief Overview of the Micro Issues

  • Sumon Kumar Bhaumik

Abstract

During the 1960s through the 1980s, economists debated ad nauseum whether or not a country should pursue export oriented policies. Countries such as South Korea, Thailand, Malaysia and, of course, Japan were cited as examples of export-led growth, and countries such as India were urged to replace their policies of import substitution with outward orientation. This debate culminated in the General Agreement on Tariffs and Trade (GATT), with the general consensus that trade was good for economic growth.

Keywords

Europe Income Malaysia Argentina Stake 

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 2005

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  • Sumon Kumar Bhaumik

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