Foreign Private Investment

Author(s):  
Robert F. Meagher
1978 ◽  
Vol 12 (4) ◽  
pp. 655-677 ◽  
Author(s):  
B. R. Tomlinson

Overseas investment by developed nations in the less industrialized economies of Asia, Africa and Latin America is an important part of modern international economic history. Such investment has long been recognized as a potent force in integrating the international economy. It has also been placed at the heart of most theories of the expansion of European empires in the nineteenth century and it is seen as a major part of the ‘neo-colonialism’ that is widely thought to have characterized the world economic and political structure since 1945. This article will examine private foreign investment in India in the first half of the twentieth century, spanning the gap between the ‘imperial’ and the ‘neo-colonial’ epochs.


2020 ◽  
Vol 5 (2) ◽  
pp. 52-62
Author(s):  
Philip Nwosa ◽  
Sunday Keji ◽  
Samuel Adegboyo ◽  
Oluwadamilola Fasina

This study examines the relationship between trade openness and unemployment rate in Nigeria from 1980 to 2018. The study utilized the auto-regressive distributed lag (ARDL) technique and the result of the study shows that trade openness had negative and significant impact on unemployment rate in Nigeria. The implication of this result is that trade openness provides employment opportunities, which reduces the unemployment rate in Nigeria. Thus, the study concludes that trade openness is a significant determinant of unemployment in Nigeria. The study recommends the need for conscious economic policies that would promote foreign private investment, capable of enhancing aggregate volume of investment in the country and contribute to employment generation in the Nigeria. Finally, government needs to explore new marketing areas for foreign investors which would also contribute to employment generation.


2017 ◽  
Vol 18 (3) ◽  
pp. 766-780 ◽  
Author(s):  
Kalpana Sahoo ◽  
Narayan Sethi

The present study empirically investigates the long-run causal relationship between foreign capital and economic development in India by using the annual time-series data from 1990–1991 to 2013–2014. The study uses some selected macroeconomic variables such as per capita government expenditure on education (PcGEE, as an indicator of economic development), gross domestic product (GDP, as an indicator of economic growth), gross capital formation (GCF, as an indicator of domestic investment), official development assistance (ODA, as an indicator of foreign official inflows) and foreign direct investment (FDI, as an indicator of foreign private investment) for its empirical analysis. By using the cointegration test and the vector vector-error correction model (VECM) technique, this study finds that in the long run, domestic investment has shown a significant and positive impact on economic development, whereas, ODA, FDI and GDP have shown a significant negative impact on it. It concludes that domestic investment, foreign capital along with economic growth have a significant impact on economic development in India in long run. It suggests that the national developmental policy of India should focus on the productive utilization of both domestic and foreign capital along with it should give emphasis on effective transformation of growth benefits towards development process.


2021 ◽  
Vol 8 (1) ◽  
pp. 12-32
Author(s):  
Callistus Ikechukwu Nkwocha ◽  
Mike Anyanwaokoro ◽  
Awa Kalu Idika ◽  
Ebere Ume Kalu

This study examined the response of foreign private investment flows to fluctuations in foreign exchange rates in Nigeria. The empirical analysis was conducted using ordinary least square Multiple Regression on E-view 10 Econometric model for the period 1981 to 2018. Preliminary analysis was carried out with Jarque Bera normality test and Johnson’s transformation test to confirm normal distribution of data and the transformation is effective. A negative relationship between foreign exchange fluctuation and foreign private investment is found. Also, that Bank lending interest rate, market capitalization, external debts and trade openness have a significant effect on the foreign private capital flows in Nigeria while foreign exchange rate fluctuation does not significantly affect private investment. From the findings of the study, we recommend i) That policymakers in Nigeria should seek and implement appropriate exchange rate that will boost foreign private investment; ii) Ensure enlarge trade relationship by allowing international organizations and citizens of other countries access to the financial market in the domestic economy; iii) They should discourage external borrowing to significantly reduce debt service burden.  


1996 ◽  
Vol 35 (4I) ◽  
pp. 343-382
Author(s):  
Gustav F. Papanek

To summarise the conclusions of this paper: 1. Pakistan not only has to deal with a cash flow problem, it also has to make the difficult structural adjustment of living within its means, after nearly 50 years of failing to do so. 2. Despite large resource inflows and periods of good economic management Pakistan’s per capita growth has been less than half of that in rapidly growing Asian economies. The country has therefore failed to reduce poverty as much as it could have. 3. This performance was the result of inadequate export growth, savings and attractiveness to foreign private investment. Two periods of good economic management show the impressive potential of the economy. 4. The heart of an appropriate economic strategy is to make non-traditional exports more profitable. 5. It is appropriate to emphasise the need for further decontrol and greater reliance on the market. But government has an important role in providing infant industry incentives for exports and compensating for externalities. 6. To maintain political support for reforms government must allocate fairly the pain and gains, and reduce corruption.


1976 ◽  
pp. 189-229
Author(s):  
Alasdair I. MacBean ◽  
V. N. Balasubramanyam

2016 ◽  
Vol 18 ◽  
pp. 16-21 ◽  
Author(s):  
Ratna Sansar Shrestha

Hydropower Development Policy promulgated in 1992 by Government of Nepal (GoN) heralded domestic and foreign private investment in hydropower projects, which was instrumental in adding 255,647 MW to the system with the investment of US$ 493 million in a period of 23 years. While, public sector succeeded to add only 238.6 MW during the same period; thus adding a total of 489.14 MW to the system by public and private sectors. As cumulative total installed capacity of projects implemented prior to it in eight decades from 1911 through 1991 was only 239.33 MW, it manifests successful implementation of the policy with resultant mobilization of private investment.Only 9th five-year plan period (1997-2002) succeeded to achieve 91% of the target set for the period resulting in mismatch in the growth of demand and supply; consequently load shedding. The reasons behind the failure need an in-depth analysis and critique of the policy and improvement thereof. HYDRO Nepal Journal of Water Energy and EnvironmentVolume- 18, 2016, JanuaryPage -16 to 21


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