Foreign Direct Investment, Democracy and Development: Assessing Contours, Correlates and Concomitants of Globalization

by de Soysa; Indra

• ISBN13: 9780415250542
• ISBN10: 0415250544
• Edition: 1st
• Format: Hardcover
• Copyright: 2003-07-22
• Publisher: Routledge

Summary

Why should democracy and foreign capital be studied as important determinants of the future of global integration? This is just one of the questions discussed by this book. The author addresses the crucial issue of global integration and economic growth and development by focusing on two of the most salient integrative forces in the globalization process: in the economic sphere, trade and direct investment are driving economic integration; in the political sphere, an unprecedented number of states have yielded to the 'Third Wave' of democritization. The effects of these forces are analyzed and their implications are discussed, as the author presents a systematic analysis of the various propositions on both sides of the globalization debate.

Table of Contents

List of figures	ix
List of tables	xi
Acknowledgments	xiii
List of abbreviations	xv
Introduction	1	(4)
Outline of study	5	(2)
The contours of globalization	7	(16)
The globalization debate	7	(3)
The advance of globalization	10	(2)
Trade	12	(1)
Growth of FDI	12	(3)
Growth of democracy	15	(1)
Growth of income and welfare	16	(4)
Open markets and development	20	(3)
Globalization and development: theory old and new	23	(23)
Introduction	23	(4)
The neoliberals and development	27	(7)
The neo-Marxist theories of underdevelopment	34	(7)
Causality between FDI and democracy	41	(5)
Globalization and growth empirics	46	(21)
Introduction	46	(1)
Capital is not capital!	47	(2)
PEN empirics	49	(2)
Controversy	51	(7)
Adjudication: new data and models	58	(4)
Results of new analyses	62	(5)
Democracy and growth: theory old and new	67	(29)
Introduction	67	(6)
Regime type and economic growth	73	(5)
Collusive elite?	78	(4)
Convulsive mass?	82	(3)
Discerning ``good'' democracy from ``bad'': a synthesis	85	(5)
The hypotheses, variables, and data	90	(6)
Empirics of democracy and growth, and growth of democracy	96	(19)
Introduction	96	(1)
Results and conclusions	97	(9)
Globalization and democracy	106	(9)
Assessing globalization's correlates and concomitants	115	(8)
Summary, conclusions, and implications	115	(8)
Data appendix	123	(4)
Notes	127	(6)
Bibliography	133	(16)
Index	149