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Intra-Industry Trade, Foreign Direct Investment, and the Reorientation of Eastern European Exports
Policy Research Working Papers, World Bank, 1999To what extent does growth in exports in Central and Eastern Europe reflect economic restructuring and changes in the composition of trade as opposed to "redirection" of traditional CMEA exports to the West?In the first half of the 1990s, after the demise of central planning, exports to OECD countries from many Central and Eastern European countries grew rapidly.DocumentFrom learning to partnership : multinational R&D cooperation in developing countries
Policy Research Working Papers, World Bank, 1996Do multinationals cooperate in research and development with local firms in developing countries?DocumentSouth - North migration and trade : a survey
Policy Research Working Papers, World Bank, 1996Can trade liberalization be used to deter South North immigration? Is trade a substitute for migration? Not necessarily. Assuming that migration generates externalities, the South should liberalize trade, while the North should impose an (optimal) immigration tax.DocumentHow Foreign Investment Affects Host Countries
Policy Research Working Papers, World Bank, 1999Foreign direct investment may promote economic development by helping to improve productivity growth and exports in the multinationals' host countries.DocumentMoving to Greener Pastures? Multinationals and the Pollutionhaven Hypothesis
Policy Research Working Papers, World Bank, 1999Eskeland and Harrison find almost no evidence that investors in developing countries are fleeing environmental costs at home. Instead, the evidence suggests that foreign owned plants in four developing countries are less polluting than comparable domestic plants.Are multinationals flocking to "pollution havens" in developing countries?DocumentThe usefulness of private and public information for foreign investment decisions
Policy Research Working Papers, World Bank, 1997Information on operating conditions based on direct experience in a country is likely to be the information most credibleto foreign investors. But for investors new to a country, information inferred from observing others investing in that country may bemore influential - and may lead to cascading investments in that country, as happened in China and Vietnam.DocumentChina and the Multilateral Investment Guarantee Agency
Policy Research Working Papers, World Bank, 1999In developing countries with little foreign direct investment (FDI), the Multilateral Investment Guarantee Agency (MIGA) can serve as a catalyst for more such investment. In China, which now attracts one third of all FDI in developing countries, MIGA should perhaps help screen that investment and set up demonstration projects to improve the quality and sustainability of FDI.DocumentRegional Integration and Foreign Direct Investment: A Conceptual Framework and Three Cases
Policy Research Working Papers, World Bank, 1999How regional investment agreements affect the flows of foreign direct investment depends on location, the competitiveness of local firms, the motives for investment, and how the agreement affects the policy environment.Blomstrom and Kokko discuss how regional investment agreements may affect the inward and outward flows of foreign direct investments in the integrating region.DocumentTechnology Accumulation and Diffusion: Is There a Regional Dimension?
Policy Research Working Papers, World Bank, 1999National patterns of technology diffusion found in country estimates probably reflect sectoral variations more than country variations. They also reflect different degrees of internationalization.Recently, interest in regionalism has mushroomed, and economists have analyzed it not only from the viewpoint of trade but that of foreign investment, macroeconomics, and political economy.DocumentHigh Level Rent Seeking and Corruption in African Regimes: Theory and Cases
Policy Research Working Papers, World Bank, 1999For international aid and lending institutions: Encourage liberalization, deregulation, and civil service reform where rulers are autocratic but credibly committed to growth and efficiency. Be cautious about financing half-hearted reform in systems ruled by kleptocrats.Pages
