文档介绍：本科毕业论文外文翻译外文题目:HowBeneficialIsForeignDirectInvestmentforDevelopingCountries?出处:Finance&Development,June2001作者:PrakashLounganiandAssafRazin原文:HowBeneficialIsForeignDirectInvestmentforDevelopingCountries?,(FDI),inEastAsiancountries,suchinvestmentwasremarkablystableduringtheglobalfinancialcrisesof1997-,otherformsofprivatecapitalflows—portfolioequityanddebtflows,andparticularlyshort-termflows—weresubjecttolargereversalsduringthesameperiod(seeDadush,Dasgupta,andRatha,2000;andLipsey,2001).TheresilienceofFDIduringfinancialcriseswasalsoevidentduringtheMexicancrisisof1994-,furtheringatrendthathasbeeninevidenceformanyyears(seeChart1).IsthepreferenceforFDIoverotherformsofprivatecapitalinflowsjustified?Thisarticleshedssomelightonthisissuebyreviewingrecenttheoreticalandempiricalworkonitsimpactondevelopingcountries',asnotedbyFeldstein(2000).First,,theglobalintegrationofcapitalmarketscancontributetothespreadofbestpracticesincorporategovernance,accountingrules,,,whichinprincipleapplytoallkindsofprivatecapitalinflows,Feldstein(2000)andRazinandSadka