publication . Article . 2014

Foreign direct investment and economic growth: New evidence from post-socialist transition countries

Curwin, KD; Mahutga, MC;
Open Access English
  • Published: 01 Jan 2014
  • Publisher: eScholarship, University of California
  • Country: United States
In this article, we revisit classic sociological debates regarding the growth effects of Foreign Direct Investment (FDI). First, we identify a series of theoretical and empirical issues that halted sociological research on the developmental consequences of FDI. Second, we illustrate that post-socialist transition (PST) provides a historically novel opportunity to reinvigorate the debate. These countries experienced rapid industrialization but nearly zero FDI under socialism, and we can therefore observe changes in output as FDI accumulates in real time and effectively control for alternative sources of underdevelopment that might otherwise become conflated with ...
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