Empirical Determinants of Manufacturing Direct Foreign Investment in Developing Countries

摘要: Nearly all developing countries actively seek capital and technology from the advanced countries. Although private direct foreign investment (mainly in form of multinational enterprise) is viewed with ambivalence by many countries, it nonetheless true that remains a substantial source sometimes only specific technologies. Indeed, given slow growth official external assistance, are becoming more, not less, dependent on investment. While disbursements development assistance OECD rose 43% 1961 through 1970, flows almost 90% over same period. In later year, flow was more than two-fifths $3.2 billion compared to $7.8 billion.1 Furthermore, United States other major exporting would prefer, for economic as well ideological reasons, channel their outflows It highly probable, therefore, will continue rely foreseeable future carry out programs. against this background present study seeks identify empirical determinants foreign-investment manufacturing sectors Our purpose select economic, social, political features country those critical making attractive or unattractive investors. Available studies limited