TY - JOUR
T1 - Foreign investment in a least developed country
T2 - the Nepalese experience
AU - Athukorala, Prema-chandra
AU - Sharma, Kishor
N1 - Imported on 12 Apr 2017 - DigiTool details were: Journal title (773t) = Transnational Corporations. ISSNs: 1014-9562;
PY - 2006
Y1 - 2006
N2 - This paper aims to contribute to the literature on the developmental role of foreign direct investment through an examination of the Nepalese experience during the period 1988- 2001. Despite significant liberalisation of the foreign investment regime and the introduction of attractive investment incentives, Nepal's achievements during this period, both in terms of the volume of FDI and its developmental impact, failed to mach the national expectations. Nepal obviously has intrinsic disadvantages arising from its geography and other typographical characteristics in attracting FDI. However, comparative international experience suggests that her lackluster achievements as a host to foreign investors cannot be explained in terms of these factors alone. Policies that underpin the overall investment climate also seem to matter. Mere liberalisation of the investment regime and introducing financial incentives are not a substitute for an all-encompassing effort to improve the investment climate.
AB - This paper aims to contribute to the literature on the developmental role of foreign direct investment through an examination of the Nepalese experience during the period 1988- 2001. Despite significant liberalisation of the foreign investment regime and the introduction of attractive investment incentives, Nepal's achievements during this period, both in terms of the volume of FDI and its developmental impact, failed to mach the national expectations. Nepal obviously has intrinsic disadvantages arising from its geography and other typographical characteristics in attracting FDI. However, comparative international experience suggests that her lackluster achievements as a host to foreign investors cannot be explained in terms of these factors alone. Policies that underpin the overall investment climate also seem to matter. Mere liberalisation of the investment regime and introducing financial incentives are not a substitute for an all-encompassing effort to improve the investment climate.
M3 - Article
VL - 15
SP - 125
EP - 146
JO - Transnational Corporations
JF - Transnational Corporations
SN - 1014-9562
IS - 2
ER -