FDI: an evolutionary/complexity perspective

The paper looks at the locality question in Foreign Direct Investment (FDI) theories. For a long time the locality issues in FDI seem to have been overshadowed by globalism. Locality issues, however, have been kept alive from two angles one of which includes diverse individuals who are sympathetic to the underdog. The other comprises a small branch of FDI theorists (Uppsala School) who pay some attention to locality from a pre-Santa-Fe evolutionary perspective. The existence of this tendency has encouraged us to explore evolutionary thinking a little further. Here we attempt, as a beginning, to apply certain evolutionary and complexity concepts to the behavior of FDI.