7 What is the difference between the immediate and the long-run effect of direct investment by foreigners

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7 What is the difference between the immediate and the long-run effect of direct investment by foreigners when the direct investment is in a heavily export-oriented activity such as oil exploration and development? Would it make any difference if the industry into which direct investment occurred were involved in the production of a good the country previously had been importing?

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International Finance

ISBN: 9780070374812

4th Edition

Authors: Maurice D. Levi

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