Harnessing Foreign Direct Investment for Development Policies for Developed and Developing Countries

Does foreign direct investment (FDI) channel capital and know-how to developing countries? Or does it bring corruption and abuse of labor standards? Harnessing Foreign Direct Investment for Development confirms that FDI's contribution to development can be extremely powerful but that some forms of FDI, especially in infrastructure, have serious adverse consequences. Theodore Moran shows for the first time how some investors circumvent U.S. and host country laws and international treaties outlawing corrupt payments without risking prosecution, and he offers recommendations on what to do about it. Book jacket.

Theodore H. Moran holds the Marcus Wallenberg Chair at the School of Foreign Service, Georgetown University