Fdi, Fiscal Incentives and the Role of Development Policy
نویسندگان
چکیده
The last two decades of the 20 century have seen major shifts in the size of cross-border capital flows (see figure 1.). FDI flows to developing countries and economies in transition have proved to be the source of economic growth. FDI inward increased from 50,1 billions of dollars annual average in 1985-95 to 199 billions in 1998 and 207 billions in 1999. In same time, FDI inward stocks increased from 218 billions of dollars in 1985 (9,1% GDP) to 1,4 trillions of dollars in 1999 (20% GDP). Except for a small number of countries, FDI inflows in many countries actually rose. Asia, a region that had continuously claimed the lions share of FDI lost in relative importance. By contrast, Latin America and
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