Both exploitation of Natural resources and activities of multinational corporations in developing countries have independently been subjects of vehement discussions surrounding the oil or in a wider sense raw material crisis emerging from the embargo of OPEC countries in 1973 and those on the...

The movements of foreign direct investment (FDI) in the recent past are marked by a relatively very high growth in the Pacific Rim (PR) countries (Australia, Brunei, China, Hongkong, Japan, Indonesia, Malaysia, Papua New Guinea, New Zealand, Philippines, Singapore, Taiwan, Thailand). The...

According to investors' motivations, outward foreign direct investment (FDI) can be distinguished between natural resources seeking, market seeking or efficiency seeking. In the first two types, unemployment resulting from export substitution and reimports is expected to be considerably less...

The purpose of this essay is to re-assess the case of outward- oriented trade regimes in the process of economic development. The nature of outward-orientation is briefly explained in the next section. As developing countries usually start their industrialization through import substitution...

The establishment of the Common Market, a more inward looking trade policy on the part of the United States and, last but not least, the urgent demand of less developed countries for free access to the markets of the highly industrialized nations have revived international interest in the impact...