1. Introduction2. Capital Flows, Development and Debt Crises3. The Nature of Direct and Equity Investment and the Positive View4. Recent Trends in Development Finance5. Ignorance is Bliss? Data on the Stocks of Direct and Equity Investment6. Ignorance is Bliss II: Data on Capital Flows, Profits and FDI-Related Trade7. The Foreign Exchange Dimension: General Principles8. Foreign Exchange Effects of Direct and Equity Investment on the Host Country9. Other Effects at the National Level10. The Global Dimension: Competition for Direct Investment and Export Markets11. Net Transfers and the Build-Up of Investment Stocks12. Surges and Cycles13. Was That It? Direct Investment and Current Account Deficits in the Mexican and Asian Financial Crises14. Was That It II: Capital Flows of FDI and Equity Investment in the Mexican and Asian Crises15. Conclusions and Policy ImplicationsAnnex I: Data Discrepancies and the Balance of Payments Effects of Direct Investment in ThailandAnnex II: Balance of Payments Effects of Direct Investment in Malaysia: Data Limitations and Sensitivity to Assumptions
David Woodward is an economist who spent several years working in the British Foreign and Commonwealth Office, including a two year secondment to the IMF and World Bank. In 1986, he resigned to work for the voluntary sector. Since that time he has been an independent economic/development consultant, in which capacity he has done research and writing for UNCTAD, UNDP and the Institute of Child Health, as well as a variety of development NGOs including (amongst others) Oxfam, One World Action, and the European Network on Debt and Development (Eurodad). In 2000 took up an appointment in the Health and Sustainable Development Department of the World Health Organization (WHO).
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