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Transformations of global prosperity how foreign investment

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Transformations of global prosperity how foreign investment

TRANSFORMATIONS OFGLOBAL PROSPERITY-rrn. L.1J]l 'IIHow Foreign Investment, Multinationals, and Value Chains are Remaking Modern Economy-t-rÚL.HrPCaf D

Transformations of global prosperity how foreign investmentDowlahtCaf DowlahTransformations ofGlobal ProsperityHow Foreign Investment, Multinationals, and Value Chains are Remaking Modern Economypalgrave macmi

llanCaf DowlahCity University of New York New York, NY, USAISBN 978-3-319-71101-1 ĨSBN 978-3-319-71105-8 (eBook) https://doi.org/10.1007/978-3-319-711 Transformations of global prosperity how foreign investment

05-8I ibrary ol Congress (àmirol Numljer: 2017961830© ‘I he Editor(s) (if applicable) and I he Author(s) 2018This work is subject co copyright. j\ll r

Transformations of global prosperity how foreign investment

ights are solely and exclusively licensed by the Publisher, whether the whole or pari oi the material is concerned, specifically the rights of transla

TRANSFORMATIONS OFGLOBAL PROSPERITY-rrn. L.1J]l 'IIHow Foreign Investment, Multinationals, and Value Chains are Remaking Modern Economy-t-rÚL.HrPCaf D

Transformations of global prosperity how foreign investmentmation storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed.I he

uscoi general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specif Transformations of global prosperity how foreign investment

ic statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use.The publisher, the autho

Transformations of global prosperity how foreign investment

rs and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the dale oi publication. Ne

TRANSFORMATIONS OFGLOBAL PROSPERITY-rrn. L.1J]l 'IIHow Foreign Investment, Multinationals, and Value Chains are Remaking Modern Economy-t-rÚL.HrPCaf D

Transformations of global prosperity how foreign investments or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published mapsand institutional affiliat

ions.Cover illustration: Khcng I loToh / Alamy Stock PhotoPrinted on acid-free paperThis Palgrave Macmillan imprint is published by the registered com Transformations of global prosperity how foreign investment

pany Springer International Publishing AG part of Springer Nature.The registered company address is: Gewerbestrasse 11, 6330 Cham, SwitzerlandPrefaceI

Transformations of global prosperity how foreign investment

his book springs from the insight that the economic globalization of the twenty-first century—that has arguably been reversing the fortunes ol the ad

TRANSFORMATIONS OFGLOBAL PROSPERITY-rrn. L.1J]l 'IIHow Foreign Investment, Multinationals, and Value Chains are Remaking Modern Economy-t-rÚL.HrPCaf D

Transformations of global prosperity how foreign investmentmporary ncxlus ol three major economic forces: foreign direct investment (11)1), multinational enterprises (MNEs), and global value chains (GVCs).Ulis

book can also be viewed as a sequel to my earlier works on economic globalization. In Backwaters of Global Prosperity (2004) I argued that greater in Transformations of global prosperity how foreign investment

tegration ol the less developed countries into the global economy may increase economic prosperity in these countries. In International Trade, Competi

Transformations of global prosperity how foreign investment

tive Advantage and Developing Countries (2016) I argued that greater integration of developing countries in rhe global economy has enabled them to cap

TRANSFORMATIONS OFGLOBAL PROSPERITY-rrn. L.1J]l 'IIHow Foreign Investment, Multinationals, and Value Chains are Remaking Modern Economy-t-rÚL.HrPCaf D

Transformations of global prosperity how foreign investmentharbinger for tilling global prosperity in favor of developing countries.Ulis book has been an ambitious project. Discerning scopes and magnitude, pat

terns of growth, and the consequences of global forces such as EDI, MNEs, and GVCs from both historical and contemporary perspectives involved scrupul Transformations of global prosperity how foreign investment

ous weaving together of cutting-edge research and

TRANSFORMATIONS OFGLOBAL PROSPERITY-rrn. L.1J]l 'IIHow Foreign Investment, Multinationals, and Value Chains are Remaking Modern Economy-t-rÚL.HrPCaf D

TRANSFORMATIONS OFGLOBAL PROSPERITY-rrn. L.1J]l 'IIHow Foreign Investment, Multinationals, and Value Chains are Remaking Modern Economy-t-rÚL.HrPCaf D

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