Klein, MichaelAaron, CarlHadjimichael, Bita2014-08-212014-08-212001-06https://hdl.handle.net/10986/19600Foreign direct investment is a key ingredient of successful economic growth and development in developing 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. But these are complements--not alternatives--to sensible growth-oriented policies. And 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.en-USCC BY 3.0 IGOAIR POLLUTIONAIR QUALITYASSET STRIPPINGBUSINESS ENVIRONMENTCAPITAL FLOWSCAPITAL GOODSCHARITABLE CONTRIBUTIONSCITIZENSCIVIL SOCIETYCOMPETITIVE MARKETSCORPORATE GOVERNANCECORPORATE RESPONSIBILITYCORRUPT PRACTICESCORRUPTIONCOST OF CAPITALCRISESDEBTDEBT RELIEFDEVELOPED COUNTRIESDEVELOPING COUNTRIESDIVIDENDSDIVISION OF LABORDOMESTIC COMPANIESDOMESTIC ECONOMYDOMESTIC FIRMSDOMESTIC INVESTORSECONOMIC ANALYSISECONOMIC DEVELOPMENTECONOMIC GROWTHEMPLOYMENTEQUITY FLOWSEXPLOITATIONEXPROPRIATIONFDIFINANCIAL CRISESFINANCIAL FLOWSFIRM SIZEFOREIGNFOREIGN COMPANIESFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN FIRMSFOREIGN INVESTMENTFOREIGN INVESTORSFOREIGN OWNERSHIPFOREIGN- OWNED FIRMSGLOBAL DEVELOPMENT FINANCEGROWTH RATESHOST COUNTRYHOST ECONOMYHUMAN CAPITALIMPORTSINCOMEINCOME COUNTRIESINCOME DISTRIBUTIONINCOME GROWTHINCOME INEQUALITYINSURANCEINTERNATIONAL DEVELOPMENTINTERNATIONAL FINANCIALINTERNATIONAL STANDARDSINVESTMENT DECISIONSINVESTORSLABOR FORCEMARKET POWERMARKET SIZEMATERIAL WELL-BEINGMEDIUM-SIZED FIRMSNATIONAL LEVELNATURAL RESOURCESOILPER CAPITA INCOMEPOLICY ENVIRONMENTPOLICY RESEARCHPOLLUTERSPOLLUTION CONTROLPOOR COUNTRIESPORTFOLIOPOVERTY ERADICATIONPOVERTY REDUCTIONPRIVATE COMPANIESPRIVATE SECTORPRIVATE SECTOR DEVELOPMENTPRODUCTIVITYPROFITABILITYPROPERTY RIGHTSRULE OF LAWSAFETY NETSAFETY NETSSANCTIONSSERVICE DELIVERYSERVICE PROVISIONSHAREHOLDINGSSKILLED WORKERSSMALL FIRMSSOCIAL SERVICESTAX BASETAX INCENTIVESTAX REVENUETECHNICAL ASSISTANCETRANSITION ECONOMIESTRANSPARENCYURBAN AIR POLLUTIONVESTED INTERESTSWAGESWATER SUPPLY10.1596/1813-9450-2613