IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-26356-1_9.html
   My bibliography  Save this book chapter

Private Foreign Investment (PFI)

In: An Introduction to International Money and Finance

Author

Listed:
  • Ramesh F. Ramsaran

    (University of the West Indies)

Abstract

In recent years there has been renewed interest in the role of private investment in stimulating growth and providing employment. There is a growing consensus that private sector led economies are more efficient than those dominated by state ownership and encumbered by various kinds of restrictions. Liberalization is being directed not only to the movement of goods, but also to services. It is recognized that certain measures affecting trade also influence investment, and because investment decisions could be influenced by non-market forces these measures are increasingly being brought within the purview of liberalization. Both in developed and developing countries, the government’s role is becoming increasingly more circumscribed, as efforts are being made to define a more limited role for the state and as economies are being reorganized to operate along the lines of market principles. In the present phase of the evolution of the world economy the pendulum has swung in favour of the private sector, as governments relinquish decision-making in a number of areas. Even in the developed countries the tendency is to encourage private initiatives in delivering ‘public goods’.

Suggested Citation

  • Ramesh F. Ramsaran, 1998. "Private Foreign Investment (PFI)," Palgrave Macmillan Books, in: An Introduction to International Money and Finance, chapter 9, pages 234-254, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-26356-1_9
    DOI: 10.1007/978-1-349-26356-1_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-26356-1_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.