Brexit will have significant implications for the European Union, the idea and structure of econo... more Brexit will have significant implications for the European Union, the idea and structure of economic and integration perspective. After Brexit, the EU and allies around the world and the UK have to prepare for the large international implications of changes in the near future. A great deal has now been written on the economic consequences for the UK of Brexit, but there is not much written on the consequences for the rest of the EU. However, in this paper we will examine a significant impact on economic development in the EU countries.
Foreign direct investment is a key ingredient of successful economic growth and development in co... more Foreign direct investment is a key ingredient of successful economic growth and development in countries--partly because the very essence of economic development is the rapid and efficient transfer and cross-border adoption of "best practices." Foreign direct investment is especially well suited to effecting this transfer and translating it into broad-based growth, not least by upgrading human capital. Growth is the single most important factor in poverty reduction, so foreign direct investment is also central to achieving that important World Bank goal. Government-led programs that improve social safety nets and explicitly redistribute assets and income might direct more of the fruits of growth to the poor. However, these are complements--not alternatives--to sensible growth-oriented policies. Moreover, growth is needed to fund these government-led programs. Moreover, the delivery of social services to the poor--from insurance schemes to such basic services as water and energy--can clearly benefit from reliance on foreign investors. In short, foreign direct investment remains one of the most effective tools in the fight against poverty.
Brexit will have significant implications for the European Union, the idea and structure of econo... more Brexit will have significant implications for the European Union, the idea and structure of economic and integration perspective. After Brexit, the EU and allies around the world and the UK have to prepare for the large international implications of changes in the near future. A great deal has now been written on the economic consequences for the UK of Brexit, but there is not much written on the consequences for the rest of the EU. However, in this paper we will examine a significant impact on economic development in the EU countries.
Foreign direct investment is a key ingredient of successful economic growth and development in co... more Foreign direct investment is a key ingredient of successful economic growth and development in countries--partly because the very essence of economic development is the rapid and efficient transfer and cross-border adoption of "best practices." Foreign direct investment is especially well suited to effecting this transfer and translating it into broad-based growth, not least by upgrading human capital. Growth is the single most important factor in poverty reduction, so foreign direct investment is also central to achieving that important World Bank goal. Government-led programs that improve social safety nets and explicitly redistribute assets and income might direct more of the fruits of growth to the poor. However, these are complements--not alternatives--to sensible growth-oriented policies. Moreover, growth is needed to fund these government-led programs. Moreover, the delivery of social services to the poor--from insurance schemes to such basic services as water and energy--can clearly benefit from reliance on foreign investors. In short, foreign direct investment remains one of the most effective tools in the fight against poverty.
Uploads
Papers by Lenna Mehmeti
Drafts by Lenna Mehmeti