97 This chapter discusses the organisational context in which knowledge is acquired in Arab countries through the transfer and adaptation of technology. The discussion considers issues such as: the importance of national innovation systems; policy and institutional prerequisites for establishing a knowledge economy; and the vital role of entrepreneurs. It reviews the experience of Arab countrie...

Dissimilarities Between Domestic and Foreign Money Management at Home: Evidence from Italy Reasons of financial sophistication of investment strategies and institutional biases lead to the assumption that money managers may behave differently from one country to another. Using data from Italy, this study investigates whether domestic and foreign mutual funds differ in terms of management approa...

The study focuses on the benefit of foreign direct investment (FDI) at the firm level. Looking into the way businesses acquire institutional knowledge, the study examines whether IJVs have built local technological capability through acquiring and then using the international resources and knowledge of the foreign joint venture partners, and if so, the level of the technological capability that...

attracting foreign investment is a technique to achieve economic development, which requires establishment of appropriate legal and administrative infrastructure. in addition, host countries may ignore their public interest and national security. therefore, they have to maintain a balance between economic development and protection of national security. the concern over the national security as...

foreign direct investment has been a key topic in development literature for a long time. many economists have written articles on the on recipient’s macroeconomic variables, transfer of capital and technology. the improvement of managerial and human resources, promotion of foreign trade with its emphasized role on economic growth of recipients. other economists have an opposite view. they have...

D uring the past few decades, national security plays a central role in the process of economic development. Also, foreign investment and trade have rapidly increased worldwide and have enhanced economic growth in developing countries. Although foreign investment and trade bring huge economic benefits, many developing countries fear that by opening up markets to competition and forei...

Governments often promote inward foreign investment to encourage technology “spillovers” from foreign to domestic firms. Using panel data on Venezuelan plants, we find that foreign equity participation is positively correlated with plant productivity (the “own-plant” effect), but this relationship is only robust for small enterprises. We then test for spillovers from joint ventures to plants wi...

A growing and deepening divide has opened up between transition countries where economic development has taken off and those caught in a vicious cycle of institutional backwardness and macroeconomic instability. This “Great Divide” is visible in almost every measure of economic performance: GDP growth, investment, government finances, growth in inequality, general institutional infrastructure a...

This study examines the determinants of both inward and outward FDI for twenty emerging and transition economies in Europe (ETEE) over the period 1995-2001. We adopt a comparative perspective by explicitly comparing the determinants of FDI in ETEEs with alternative samples of both developed and other developing countries. Particular attention is paid to measures of governance and institutional ...