4. Taking breaks in between projects Does Foreign Direct Investment Increase the Productivity of Domestic Firms? – BS Javorcik – American Economic Review, 2004 RULE #3: Clearly identify your promise Foreign Direct Investment and Economic Development – T Ozawa – Transnational Corporations, 1992 –
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Moreover, most developing countries are no longer in need of foreign exchange. “Third and fourth world” countries control three quarters of the global pool of foreign exchange reserves. The “poor” (the South) now lend to the rich (the North) and are in the enviable position of net creditors. The West drains the bulk of the savings of the South and East, mostly in order to finance the insatiable consumption of its denizens and to prop up a variety of indigenous asset bubbles.
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