First World-Third World linkages: external relations and economic development

Journal Article · · Int. Organ.; (United States)

DOI:https://doi.org/10.1017/S0020818300003969· OSTI ID:5355628

Dolan, M B; Tomlin, B W

Linkages between underdeveloped countries and the world economy are analyzed, and the effects of these linkages on the underdeveloped country are examined. The study replicates and modifies the work of Bornischer and others and oges on to explore the negative long-term effect of foreign investment on economic growth, finding the short-term effects to be positive. Further analysis is made of the linkages and inequalities within the nations and are found to be generally unrelated. The policy implications of these findings are discussed in the context of conventional economic theories. The authors conclude that, while conventional economic theory need not be refuted, policy makers should keep in mind that direct foreign investment has equal and opposite effects on economic growth in the short and long term. 37 references, 4 tables. (DCK)

• Research Organization: Carleton Univ., Ottawa, Ontario
• OSTI ID: 5355628
• Journal Information: Int. Organ.; (United States), Journal Name: Int. Organ.; (United States) Vol. 34:1; ISSN INORB
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
COOPERATION
DEVELOPING COUNTRIES
ECONOMIC ANALYSIS
ECONOMIC DEVELOPMENT
ECONOMIC IMPACT
ECONOMIC POLICY
ECONOMICS
GLOBAL ASPECTS
GOVERNMENT POLICIES
INTERNATIONAL COOPERATION
INVESTMENT
MULTINATIONAL ENTERPRISES