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The investment development path in a globalised world: implications for Eastern Europe

Narula, R. and Guimón, J. (2010) The investment development path in a globalised world: implications for Eastern Europe. Eastern Journal of European Studies, 1 (2). pp. 5-19. ISSN 2068-6633

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Abstract/Summary

This article summarises recent revisions to the investment development path (IDP) as postulated by Narula and Dunning (2010). The IDP provides a framework to understand the dynamic interaction between foreign direct investment (FDI) and economic development. The revisions take into account some recent changes in the global economic environment. This paper argues that studies based on the IDP should adopt a broader perspective, encompassing the idiosyncratic economic structure of countries as well as the heterogeneous nature of FDI. It is critical to understand the complex forces and interactions that determine the turning points in a country’s IDP, and to more explicitly acknowledge the role of historical, social and political circumstances in hindering or promoting FDI. We discuss some of the implications for Eastern European countries and provide some guidelines for future research.

Item Type:Article
Refereed:Yes
Divisions:Henley Business School > International Business and Strategy
ID Code:25886
Publisher:Alexandru Ioan Cuza University Press

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