Nagesh Kumar in collaboration with John H. Dunning,
Robert E. Lipsey, and Shujiro Urata
Published by Routledge and the UNU Press, 1998
ISBN 0-415-19111-4, 256 pages

Abstract
This book discusses the prospects for developing countries concerning foreign direct investments (FDI) and international technology transfers in the context of globalization.
The world economy has witnessed a growing internationalization with rapid growth of international investments, technology transfers, and trade in goods and services over the past decade. Its impact, however, has varied across countries with some integrating with the world economy more deeply a with the growing extent of cross-border activity. The concentration of FDI inflows and technology transfers in a handful of countries has intensified with continuing marginalization of the least developed countries. The geography of FDI and technology transfers has changed over time across the source countries depending upon a number of internal and external factors. This book provides a comprehensive perspective on the emerging direction and patterns in FDI outflows and technology transfers especially from a developing host countries' point of view.

In this book, leading scholars examine the emerging patterns in the international technology transfers and FDI flows over the past two decades and discuss their explanations and implications. The trends in internationalization of corporate activity in major conventional as well emerging source countries of FDI and technology and their implications for the developing host countries are also analysed. It reviews the policy responses on the part of governments and provides reflections upon international business negotiations from a developing country perspective.

This book should interest policy makers, researchers and students of development economics and international business.

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