Abstract
Modelling FDI is complicated because so many explanatory variables impact on it. Among these determinants, one factor that has recently attracted more attention by researchers is corruption in host countries. Wei (2000) argues that the ‘popular press and policy circles seem to believe that corruption does reduce inward FDI, as suggested by the opening quote from James D. Wolfensohn’, ninth president of the World Bank: 1
We need to deal with the cancer of corruption… We can give advice, encouragement, and support to governments that wish to fight corruption — and it is these governments that, over time, will attract the larger volume of investment (emphasis added). James D. Wolfensohn 2
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© 2013 Jing Zhang
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Zhang, J. (2013). Literature Review. In: Foreign Direct Investment, Governance, and the Environment in China. The Nottingham China Policy Institute Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137318657_9
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DOI: https://doi.org/10.1057/9781137318657_9
Publisher Name: Palgrave Macmillan, London
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