“New” directions for private resource transfers

Abstract

Since the 1960’s and 1970’s there has been a growing tendency to add to traditional forms of control so that it can be shared to varying degrees and can be confined to specific areas. Moreover, these arrangements may change over time. These “new forms of foreign investment” have been most in evidence in the petroleum and metals industries, but also in manufacturing, particularly for host country markets and in industries with mature technologies. There is, however, considerable variation in the experience of different countries and sectors. In fact, these “new forms of direct investment” are neither new, nor in the strictest sense investment. But they have become more frequent, and they have, to some extent, replaced more traditional forms of investment.

JEL: E22, F21