Published in 1997, this volume examines why foreign investment restrictions put in place during the 1950s and 1960s have been largely removed in recent years. Illustrations from ten countries are used to demonstrate the liberalizing movement, and the author analyzes the differences among sectors with regard to rationales and changes in rationales suggesting why many societies have chosen to retain certain restrictions even with the general liberalization. On this basis recommendations are presented in the book with regard to alternative mechanisms for achieving the original national objectives.
Table of Contents
Part 1: Conceptual Framework 1. Introduction 2. The Foreign Direct Investment (FD1) system: A Multivariate Analysis 3. National Economic Conditions 4. National Political Conditions 5. International Economic and Political Conditions 6. Continual Change in the Foreign Direct Investment System Part 2: General Restrictions 7. Introduction 8. Equity Ownership Restrictions 9. Other General Restrictions 10. Informal and Indirect Restrictions 11. Screening 12. Mechanisms to Circumvent FDI Restrictions Part 3: Sectoral Restrictions 13. Introduction 14. Restrictions on Private Investment Due to Government Ownership 15. Infrastructure 16. Manufacturing 17. Financial Services 18. Land and Natural Resources 19. Small Businesses 20. Media and Cultural Industries Part 4: Alternative Policies and Programs; Conclusions and Recommendations 21. Alternative Policies and Programs 22. Conclusions and Recommendations.