Although transnational corporations play the crucial role as transplanters of technology, skills and access to the world market, how they facilitate structural upgrading and economic growth in developing countries has not been adequately conceptualized in terms of a theory of economic development. This article develops a dynamic paradigm o TNC-assisted development by recognizing five key struct...

This paper examines whether policies to promote foreign direct investment (FDI) make economic sense. The discussion focuses on whether existing academic research suggests that the benefits of FDI are sufficient to justify the kind of policy interventions seen in practice. For small open economies, efficient taxation of foreign and domestic capital depends on their relative mobility. If foreign ...