Recently Published: Rethinking Foreign Investment for Sustainable Development: Lessons from Latin America

Recently Published:
“Rethinking Foreign Investment for Sustainable Development: Lessons from Latin America”, Edited by Kevin P. Gallagher and Daniel Chudnovsky, with a Foreword by José Antonio Ocampo, Anthem Press February 2009, 315 pages

A series of essays published in book form provides a critique of foreign investment in Latin America. “Rethinking Foreign Investment for Sustainable Development: Lessons from Latin America”, edited by Kevin P. Gallagher and Daniel Chudnovsky, features country case studies and comparative analysis  on foreign investment and economic development in the region. The essays reveal that foreign investment has often failed to promote sustainable development, which helps explain why many governments in the region are re-evaluating their policies towards FDI. According to the editors: “The great promise of FDI by multinational corporations is that capital will flow into your country and be a source of dynamic growth … this volume finds that when FDI did materialize it often fell far short of generating the necessary linkages required to make FDI work for sustainable economic development.”

For more information, see the Global Development and Environment Institute at Tufts University:  http://www.ase.tufts.edu/gdae/Pubs/rp/RethinkForInv.html

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