"Econ 102" with Noah Smith and Erik Torenberg cover image

Putin, Tucker, and Russia

"Econ 102" with Noah Smith and Erik Torenberg

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The Role of Foreign Direct Investment in Economic Development

This chapter explores the pivotal role of foreign direct investment in the economic growth of medium-sized countries, specifically highlighting the experiences of Poland and Malaysia. It contrasts these nations' industrialization strategies with traditional domestic industry development and examines the broader implications for larger economies like Russia.

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