Enterprise Capital in Emerging Markets
By Roy C. Smith
Foreign direct investment (FDI) in emerging-market economies has tripled since 2001, and wherever it has gone, it has spurred economic growth. As the cases of the formerly socialist economies of Russia, China, and India show, FDI or enterprise capital now appears to be far more effective in generating growth in developing countries than foreign aid, loans from multinational development agencies, or national economic-development efforts.
|Other Independent Review articles by Roy C. Smith|
|Winter 2019/20||Will Populism Kill Globalization?|
|Summer 2018||Chinas Next Ten Years|
|Fall 2016||Is China the Next Japan?|
|[View All (8)]|