The Virtual Senate and Brazil

Doug Henwood dhenwood at panix.com
Thu Jan 14 09:10:48 PST 1999


Brad De Long wrote:


>try to encourage inflows of foreign direct investment--for inflows of
>foreign direct investment are one of the best ways to transfer technology
>from the industrial core to the periphery, and the technology gap between
>the industrial core and the periphery is now wider than it has ever been
>before.

...as FDI flows have increased. What evidence is there for real tech xfr through FDI? Korea was very restrictive about investment inflows, and developed considerable technical skills; Mexico has been wide open for 20 years and has little other than a low-wage assembly sector to show for it. It'd make more sense for development authorities to spend a few mil sending local kids to MIT on the condition they return home to work.

Doug



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