Abstract

DURAND, Cédric. Los límites de la inversión extranjera directa (IED) como fuente de ideas para el crecimiento de las economías en desarrollo. Prob. Des [online]. 2005, vol.36, n.140, pp.11-41. ISSN 0301-7036.

The article is a conceptual study of the relationship between foreign direct investment (FDI), productivity and growth in the developing economies. We discuss Romer's assertion that the presence of transnational corporations permits a reduction in the ideas gap that leaves developing countries in poverty. From a presentation of the mechanisms that permit a virtuous relationship between investment as a source of ideas, it proposes two hypotheses. The first suggests that different conditions exist to influence the net effect of FDI on the receiving economy where the risk of a perverse dynamic should be considered. The second assumes that the determinants of the impact of FDI are the structure of the value-chain being considered and the institutional configurations in which the investment referred to occurs.

Keywords : foreign direct investment; productivity; growth; institutions; value-chain.

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