Managing FDI for Development in Resource-Rich States The Caribbean Experience

Managing FDI for Development in Resource-Rich States is a timely study in light of the resurgence of resource nationalism that is currently occurring in several resource-rich, developing countries. The book examines an issue that has confounded policy makers and academics for decades: how can resource-rich, developing countries ensure that the operations of the multinational enterprise (MNE), which dominate their resource-sector, result in FDI-facilitated development? This volume moves away from the traditional explanations for the disappointing economic performance of resource-rich, developing countries, notably those advanced by key researchers. It provides a unique and very credible explanation for this phenomenon. In so doing, this book makes a significant contribution to the literature.

Dr Lou Anne Barclay is Senior Lecturer of International Business at the Mona School of Business and Management, The University of the West Indies, Jamaica. Her work has appeared in journals as diverse as Oxford Development Studies, European Journal of Development Studies, African Development Review and Social and Economic Studies. Lou Anne won The Principal's Research Award for The Most Outstanding Researcher in the Faculty of Social Sciences in 2006. This award, however, is not the first public recognition of her research abilities. Her work has been described 'setting new standards for research work on economics of developing nations' by the esteemed Professor Alan Rugman in his 2006 article entitled, 'Multinational enterprise strategy for developing countries'. She has participated in conferences at the Harvard Business School, United Nations Centre for Trade and Development and other leading institutes. Her research interests are related to firm, industry and country competitiveness in developing economies.

Introduction
1.The Importance of Institutional Efficiency to Resource-driven, FDI-facilitated Development
2. Introducing the Resource-rich, Caribbean Countries
3.The Aluminium Value Chain
4.Upgrading in the Aluminium Value Chain and Resource-driven, FDI-facilitated Development
5.The Changing Fortunes of a Strategic Industry: The Bauxite Industry of Jamaica
6.Policy Fluctuations in the Resource Sector of a Small, Developing Country: The Case of the Bauxite Industry of Guyana
7.Dependent Underdevelopment? The Aluminium MNEs and the Bauxite Industry of Suriname
8.Embedded Autonomy and the Industrial Policy Process in the Twenty-first Century: Developing an Aluminium Industry in Trinidad and Tobago
9.Resource-driven, FDI-facilitated development in CARICOM: Myth or Reality?
10. Conclusion