Managing FDI for development in resource-rich states : the Caribbean experience / Lou Anne Barclay.

Includes bibliographical references and index.

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.

'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.-- Provided by publisher.

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