Bericht

The role of multinationals in sparking industrialization: From 'infant industry protection' to 'FDI-led industrial take-off'

Economic development has recently been time-compressed due to an ever-accelerating cross-border dissemination of industrial knowledge, especially at the hands of MNEs. And a new "open-door" strategy of industrial catch-up has come to be adopted, as best exemplified by China's FDI-led take-off, a strategy that is designed to capitalize on the profit-seeking activities of multinationals. This new approach needs to be conceptualized as such, replacing the time-honored conventional "closed-economy" doctrine of infant-industry protection (or import substitution).

Language
Englisch

Bibliographic citation
Series: Columbia FDI Perspectives ; No. 39

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Ozawa, Terutomo
Event
Veröffentlichung
(who)
Columbia University, Vale Columbia Center on Sustainable International Investment (VCC)
(where)
New York, NY
(when)
2011

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Bericht

Associated

  • Ozawa, Terutomo
  • Columbia University, Vale Columbia Center on Sustainable International Investment (VCC)

Time of origin

  • 2011

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