In this paper, we assess the effect of globalization on the distribution of income within countries, focussing on the influence of foreign direct investment. We analyze data for 72 countries, 1970-90. We incorporate in our tests the Kuznets (1955) curve, measures of the character of political...

1. Introduction -- 2. Main Features of Projects, Project Resource Statements and Financial Statements -- 3. Project Criteria and Differences between Financial and Economic Analysis -- 4. National Economic Returns and Use of Economic Prices -- 5. Comparing Alternative Approaches -- 6. Economic...