Trade strategy and the dependency hypothesis: a comparison of policy, foreign investment, and economic growth in Latin America and East Asia
Article Abstract:
The interrelationships between foreign trade policies and foreign investment policies to economic growth among Latin American and East Asian countries were studied. An economic development theory called the dependency theory postulates that foreign investments are detrimental to the growth of developing nations. The effect of foreign investments on the economic growth of Asian, Latin American and other developing countries were analyzed. It was concluded that dependency theory cannot be substantiated because countries that encouraged foreign investments and export-oriented policies experienced higher levels of economic growth.
Publication Name: Economic Development & Cultural Change
Subject: Social sciences
ISSN: 0013-0079
Year: 1992
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Labor disputes and direct foreign investment: the experience of Korea in transition
Article Abstract:
The increase in the direct foreign investment (DFI) in Korea and its relationship with labor disputes and various economic factors were explored. A significant relationship was discovered between current account balance and exchange rates and DFI. Current account balance had a negative effect on DFI while per capita gross national product had a positive effect especially in Asian and North American countries. Labor disputes created uncertainty in production and unstable wage increases. These disputes decreased the profitability of Korean industries.
Publication Name: Economic Development & Cultural Change
Subject: Social sciences
ISSN: 0013-0079
Year: 1998
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Macro policies, external forces, and economic growth in Sub-Saharan Africa
Article Abstract:
Macroeconomic and trade policies have a significant impact on economic growth in sub-Saharan Africa (SSA). Empirical analysis of data sets for 33 SSA nations from the period 1979-1990 reveals that SSA growth are affected by world real interest rates, terms of trade, physical/human capital, inflation, export volume growth, government consumption and political/social/economic instability. Results also indicate that carefully crafted economic and trade policies can help boost SSA growth even if factors beyond government control fail to improve.
Publication Name: Economic Development & Cultural Change
Subject: Social sciences
ISSN: 0013-0079
Year: 1995
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