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Gerald T. West - MIGA and foreign direct investment: evaluating developmental impacts

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title MIGA and Foreign Direct Investment Evaluating Developmental - photo 1

title:MIGA and Foreign Direct Investment : Evaluating Developmental Impacts
author:West, Gerald T.; Tarazona, Ethel I.
publisher:World Bank
isbn10 | asin:0821343467
print isbn13:9780821343463
ebook isbn13:9780585251264
language:English
subjectMultilateral Investment Guarantee Agency, World Bank--Developing countries, Investments, Foreign--Developing countries, Economic development projects--Developing countries.
publication date:1998
lcc:HG3881.5.W57W47 1998eb
ddc:332.1/532
subject:Multilateral Investment Guarantee Agency, World Bank--Developing countries, Investments, Foreign--Developing countries, Economic development projects--Developing countries.
Page i
The Multilateral Investment Guarantee Agency MIGA and Foreign Direct - photo 2
The Multilateral Investment Guarantee Agency
MIGA and Foreign Direct Investment:
Evaluating Developmental Impacts
Gerald T. West and Ethel I. Tarazona
Page ii
1998 The International Bank for Reconstruction and Development / The World Bank
1818 H Street, N.W., Washington, D.C. 20433
All rights reserved
Manufactured in the United States of America
First printing September 1998
The findings, interpretations, and conclusions expressed in this publication are those of the authors and should not be attributed in any manner to the World Bank Group, to its affiliated organizations, or to the members of its Board of Executive Directors or the countries they represent.
The boundaries, colors, denominations, and other information shown on any map in this volume do not imply on the part of the World Bank Group any judgment on the legal status of any territory or the endorsement or acceptance of such boundaries.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank Group encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Inc., Suite 910, 222 Rosewood Dr., Danvers, Massachusetts 01923, U.S.A.
Gerald West and Ethel Tarazona are staff members of the Guarantees Department of the Multilateral Investment Guarantee Agency (MIGA).
Cover design by May Eidi.
The photographs on the cover correspond to MIGA evaluated projects and were taken during the course of monitoring visits. Counter-clockwise: Motorola, Pakistan (background); Banco de Boston housing project, Argentina; Rain Forest Aerial Tram, Costa Rica; Komatsu, Indonesia; KAFCO, Bangladesh (two pictures); and AFP Integra, Peru.
Library of Congress Cataloging-in-Publication Data
West, Gerald T., 1944
MIGA and foreign direct investment: evaluating developmental impacts / by
Gerald T. West, Ethel I. Tarazona.
p. cm.
Includes bibliographical references.
ISBN 0-8213-4346-7 (alk. paper)
1. Multilateral Investment Guarantee Agency. 2. World BankDeveloping
countries. 3. Investments, ForeignDeveloping countries. 4. Economic develop
ment projectsDeveloping countries. I. Tarazona, Ethel I. II. Title
HG3881.5.W57W47 1998
332.1'532dc21 98-44282
CIP
Page iii
CONTENTS
Foreword
v
Acknowledgments
vi
Abbreviations and Acronyms
vii
Introduction
ix
I. MIGA's Purpose and Development Mandate
A. The Context
1
B. Agency Growth and Contribution to Development
2
II. MIGA's Evaluation Methodology
A. The Agency's Ongoing Evaluation Efforts
7
B. Selection of Projects for Evaluation
9
C. Selection of Monitoring Officers
9
D. Evaluation Sample
10
E. Project Evaluation Process
12
III. Results on the Ground
A. Introduction
15
B. Verification of Direct Economic Effects
15
C. Types of Developmental Impacts, Conceptual Framework and Monitoring Findings
17
Picture 3
1. A Typology of Developmental Impacts
17
Picture 4
2. Direct Effects
18
Picture 5
Human Capital Investment
18
Picture 6
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