Quotation Bellak, Christian, Narula, Rajneesh. 2009. EU enlargement and consequences for FDI assisted industrial development. An essay in memory of Sanjaya Lall. Transnational Corporations 18 (2): 69-90.


RIS


BibTeX

Abstract

Many of the new member states as well as candidate and accession countries of the EU are confident that membership will result in substantially increased inward foreign direct investment (FDI) in manufacturing. This paper discusses the policy issues and challenges that cohesion and accession countries face, applying lessons that by now have become mainstream in the parallel discussion of FDI-assisted development in the developing economies. We argue that globalization has attenuated the benefits that accrue from EU membership for latecomers, and they must now compete for FDI not just with other European countries but also with non-EU emerging economies. We posit that they should not base their industrial development strategy on mere passive reliance of FDI flows without considering how to concatenate their industrial development and the nature of the TNC activities they attract. Key words: FDI, EU, transnational corporations, absorptive capacity, globalization, development, enlargement JEL classification: F02, F23, O14, O19

Tags

Press 'enter' for creating the tag

Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Transnational Corporations
Language English
Title EU enlargement and consequences for FDI assisted industrial development. An essay in memory of Sanjaya Lall
Volume 18
Number 2
Year 2009
Page from 69
Page to 90

Associations

People
Bellak, Christian (Details)
External
Narula, Rajneesh
Organization
Research Institute for International Taxation FI (Details)
Institute for Economic Policy and Industrial Economics IN (Details)
Google Scholar: Search