Released in English
The Role of Human Capital on Foreign Direct Investment Inflows
3 Apr 2012 12:57
Mohammad Sharif Karimi, professor of Islamic Azad University of Sanandaj, said the significant impact of foreign investment on the development of countries encouraged him to compile the book in English in cooperation with two other German authors.
IBNA: Foreign Direct Investment (FDI) and Human Capital (HC) are two areas of paramount importance to the economic growth and prosperity of any developed nation. While FDI and HC individually affect growth, they also reinforce and complement each other with varying effects. Not only have these topics been widely studied, they have also been the inspiration and focal point of two substantial bodies of literature. However, the links between these two engines of growth have been less explored. FDI inflows into developed countries over the past two decades are significantly higher than what developing countries receive and there is a huge gap between them. One of the characteristics of rich industrial economies is the availability of a workforce with a high level of HC. Whether HC has been the key driver of FDI or vice-versa is still a matter of debate.
Author Mohammad Sharif Karimi said: "The book includes theories I had expounded in my PhD dissertation. I chose this subject because of the significant role that foreign investment plays in economical development of countries."
Then referring to some influential variables over foreign investment, he added: "inflation rates, economical openness degree and economical growth rate are some important variables surveyed in previous studies, yet the present book takes a new glimpse on the subject of foreign investment with particular attention to human capital and trained labor force."
Sharif Karimi added: "Only countries with appropriate infrastructures can succeed in foreign investment and human capital and skilled labor force make one of the necessary infrastructures."
Highlighting the shift of investment from internal to industrial since 1990s he said: "Most of foreign investments are made by the US and the UK and our studies show that it is closely related to human capital."
The present book makes a survey of designed models for assessment of human capital in five countries between1980 and 2008, he added; the studies show that only the countries that have recovered their human capital could succeed in foreign investments.
Meanwhile developing countries have also made great changes in their economical programs in the last two decades and established their position in the world. China, Malaysia, South Korea and Thailand have been particularly successful in attracting foreign investments, he added.
"The Role of Human Capital on Foreign Direct Investment Inflows" is authored by Dr Mohammad Sharif Karimi, Zulkornain Yusop, and Law Siong Hook and marketed by Lambert Academic Publishing LAP.