Okposin, Samuel B. (1993) The Determinants of Overseas Direct Investment from Singapore. PhD thesis, London Metropolitan University.
Full text not available from this repository.Abstract
Abstract Purpose: Once considered incapable of even surviving as an independent country because of lack of natural resources and its free port status, Singapore's economy is currently cited in appropriate economic development literature, as one of the most successful stories in the world. By employing an export-led development strategy that maximises its comparative advantages in skilled labour, infrastructure, and geographical location, Singapore has confounded its critics and posted one of the highest growth rates in the developing world. Method: Empirically, two broad views have been challenged in the thesis: the neoclassical capital arbitrage and the intangible capital theories of FDI. However, the fundamental assumption of the thesis is that there is a correspondence between a country's comparative advantage and its outward direct investment on the one hand, and the international division of labour between the investing and the recipient countries on the other. Result: The empirical evidence presented shows that a firm's FDI is determined by two sets of phenomena. Firstly, a firm's FDI responds to rate of return differentials between the investing and the recipient countries. Secondly, a firm's FDI is subject to desires which are governed largely by government policies and firm's motives not to invest in the domestic economy. However, it is concluded that the role of the state has been a fundamental element to the Singapore's economic miracle. The state has been responsible for creating the initial comparative advantage to attract FDI inflow and for restructuring the economic for the relocation of labour-intensive industries abroad.
| Item Type: | Thesis (PhD) |
|---|---|
| Subjects: | H Social Sciences > HA Statistics H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions H Social Sciences > HJ Public Finance |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Dr Samuel B. Okposin |
| Date Deposited: | 31 Mar 2015 09:57 |
| Last Modified: | 31 Mar 2015 09:57 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/4468 |
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