terça-feira, outubro 14, 2003
Why Does One Country Draw More Investment Than Another?
Why do some developing countries enjoy the highest growth rates in the world while others flounder? The World Bank set out to answer this question by comparing four developing nations - China, India, Pakistan, and Bangladesh - that have grown at strikingly different rates. Though these countries were equally under-developed at the beginning of the 1990s, China?s economy has since soared, while India and Bangladesh have grown moderately, and Pakistan not at all. As David Dollar, Director of Development Policy at the World Bank, explains, the World Bank?s survey suggests that trade liberalization must be complemented by a sound investment climate if developing countries are to achieve high growth rates. Institutions, policies, and regulations play integral roles in encouraging foreign investment. However, Dollar says, highly bureaucratic and corrupt governments or unreliable financial services will prevent firms from receiving the services they need. Such conditions make it difficult to persuade entrepreneurs to invest in potential export opportunities since their returns will be low and uncertain. Of the countries surveyed, China?s investment environment was best on all these counts. This attractive investment environment lured foreign firms to China, and these foreign firms, in turn, helped China?s economy expand and integrate into the world.
Para verem mais detalhadamente o que separa estes quatro países leiam o artigo da YaleGlobal.
posted by Miguel Noronha 10:18 da manhã
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