The International Competitiveness of Developing Countries for Risk Capital - Softcover

The International Competitiveness of Developing Countries for Risk Capital.

Sprache: Deutsch Broschur gr. 8;; 155 Seiten; Bibliotheksstempel auf Rückseite Haupttitel, sonst wohlerhalten; Tabellen, Diagramme; (Kieler Studien 242) - At the beginning of the 1990s, global competition for internationally mobile risk capital has intensified. While OECD countries savings are increasingly absorbed. domestically, most notably in Germany, fresh demand for risk capital has evolved in Central Europe and the Soviet Union. Under such conditions, it may become more difficult for developing countries to maintain or even improve their attractiveness as hosts of investment. Against this background, the overall aim of this study is to identify the major factors impacting on the developing countries competitiveness for risk capital. The analysis of the determinants of foreign and domestic private investment is based on the experience of 26 mainly middle-income developing countries over the period 1979-1988. The basic thrust of the study is to determine to what degree the attractiveness for private risk capital was shaped by immobile factors complementing risk capital in an international and inter temporal manner. As it turns out, both local and foreign investors were influenced - albeit not necessarily to the same extent - by similar factors, namely the availability of skilled labour, natural resources, and infrastructure, as well as the existence of an efficient macro- and microeconomic policy frame work. More specifically, macroeconomic instability and policy-induced distortions in goods and factor markets are revealed as significantly reducing the locational advantages of individual countries in the global race to attract private investment. - - -. Artikel-Nr. 1034750AB

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