Foreign Capital Investment into Developing Countries: Some Economic Policy Issues

Siddiqui, Kalim

doi:10.5430/rwe.v6n2p14

Cited by 9 publications

(4 citation statements)

References 27 publications

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“…Anwar ( 2009 ) found that most FDI takes place from one developed country to another. According to Siddiqui ( 2015 ), the top 30 host countries in the world, mainly industrialised countries, account for 95% of total world flows. In addition, Outreville ( 2021 ) mentioned OECD countries as the main beneficiaries of a positive balance of FDI in the financial sector.…”

Section: Economic and Financial Determinants Of Life Insurance Demand...mentioning

confidence: 99%

Threshold effect for the life insurance industry: evidence from OECD countries

Dragotă

Cepoi

Ştefan

2022

Geneva Pap Risk Insur Issues Pract

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We investigate the impact of new financial and economic determinants on life insurance demand for 29 OECD countries for the period 2005–2017 while controlling for a set of widely used socio-demographic and economic characteristics. Based on a panel smooth transition regression model, we find a regime-switching effect characterising the impact of bank concentration and interest rate on the size of the life insurance market, in light of the old-age dependency ratio as the threshold variable. We also show that life insurance development is boosted in countries with high scores for investment freedom and with high levels of foreign direct investment rates, regardless of the level of the old-age dependency ratio. The impact of GDP per capita on the demand for life insurance products is positive and statistically significant, regardless of the level of the threshold variable.

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Section: Economic and Financial Determinants Of Life Insurance Demand...mentioning

confidence: 99%

Threshold effect for the life insurance industry: evidence from OECD countries

Dragotă

Cepoi

Ştefan

2022

Geneva Pap Risk Insur Issues Pract

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“…Finally, increased financialisation will not remove stagnation and overproduction crises. Moreover, the growing financialisation prevalent in the world economy will result in greater penetration of foreign capital into developing countries, who are becoming increasingly dependent on foreign capital and technology (Siddiqui, 2015b). This is as witnessed over the last three decades or so with the pursuit of neoliberal globalization (Foster, 2007).…”

Section: Resultsmentioning

confidence: 99%

The Political Economy of Essence of Money and Recent Development

Siddiqui

2019

International Critical Thought

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This paper attempts to examine the essence of money theory and the mainstream interpretation of money and the financial crisis of 2008. In order to understand the financial crisis, it is important to analyse both classical and Marx's commodity money theory. This study is important because in recent decades the rapid expansion of financial sectors, ballooning of debts and spectacular growth of fictitious capital requires a deep analysis of the capitalist system, and for this there is a need to revisit Marx wisdom, especially his theory of money. He also says that when there is excessive speculation over the future distributions of surplus value then there is a possibility for great instability in the system. Such tendencies were clearly seen during the 2008 financial crisis. Keynes found money's macroeconomic impact, namely uncertainty, which he explains in universal terms. For Marx, the reason for uncertainty is associated with capitalist production decisions, which means capitalists are undertaking production for needs which are unknown to them; they are producing for other individuals not known to them. The study found that a materialist analysis of monetary phenomena is crucial to fully understanding this issue, including the financial crisis of 2008.

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“…Low interest rates can flood developing countries with liquidity, heightening the risks for their economies when a tightening policy is imposed. A sudden slowdown in growth rates in international economies may lead to political unrest and chaos, which is not of their making (Siddiqui 2015b).…”

Section: Capital Flows and Monetary Policiesmentioning

confidence: 99%