Not Just Any Capital: Why Development Finance Institution Intervention through Foreign Direct Investment Is Different

Michael W. Hansen

Not Just Any Capital: Why Development Finance Institution Intervention through Foreign Direct Investment Is Different

Department of Management, Society and Communication

Research output: Chapter in Book/Report/Conference proceeding › Report chapter › Research

Abstract

Development finance institutions (DFIs) blend their resources with private capital to promote development. But it makes a huge difference what type of private capital DFIs blend with! This essay argues that development outcomes deriving from blending with foreign direct investment (FDI) are fundamentally different from those deriving from blending with other types of capital. This is because FDI – in contrast to other types of capital – is accompanied by propriety assets and competencies that only can be accessed through FDI. This essay discusses the potential implications of this argument for DFI strategies and impact measurement methodologies.

Original language	English
Title of host publication	Impact of Development Finance Institutions on Sustainable Development : An Essay Series
Editors	Samantha Attridge, Dirk Willem te Velde, Søren Peter Andreasen
Number of pages	3
Place of Publication	London
Publisher	Overseas Development Institute
Publication date	2019
Pages	66-68
Chapter	12
Publication status	Published - 2019

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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Hansen, M. W. (2019). Not Just Any Capital: Why Development Finance Institution Intervention through Foreign Direct Investment Is Different. In S. Attridge, D. W. te Velde, & S. P. Andreasen (Eds.), Impact of Development Finance Institutions on Sustainable Development: An Essay Series (pp. 66-68). Overseas Development Institute. https://www.odi.org/sites/odi.org.uk/files/resource-documents/12892.pdf

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abstract = "Development finance institutions (DFIs) blend their resources with private capital to promote development. But it makes a huge difference what type of private capital DFIs blend with! This essay argues that development outcomes deriving from blending with foreign direct investment (FDI) are fundamentally different from those deriving from blending with other types of capital. This is because FDI – in contrast to other types of capital – is accompanied by propriety assets and competencies that only can be accessed through FDI. This essay discusses the potential implications of this argument for DFI strategies and impact measurement methodologies.",

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Hansen, MW 2019, Not Just Any Capital: Why Development Finance Institution Intervention through Foreign Direct Investment Is Different. in S Attridge, DW te Velde & SP Andreasen (eds), Impact of Development Finance Institutions on Sustainable Development: An Essay Series. Overseas Development Institute, London, pp. 66-68. <https://www.odi.org/sites/odi.org.uk/files/resource-documents/12892.pdf>

Not Just Any Capital: Why Development Finance Institution Intervention through Foreign Direct Investment Is Different. / Hansen, Michael W.
Impact of Development Finance Institutions on Sustainable Development: An Essay Series. ed. / Samantha Attridge; Dirk Willem te Velde; Søren Peter Andreasen. London: Overseas Development Institute, 2019. p. 66-68.

Research output: Chapter in Book/Report/Conference proceeding › Report chapter › Research

TY - GEN

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N2 - Development finance institutions (DFIs) blend their resources with private capital to promote development. But it makes a huge difference what type of private capital DFIs blend with! This essay argues that development outcomes deriving from blending with foreign direct investment (FDI) are fundamentally different from those deriving from blending with other types of capital. This is because FDI – in contrast to other types of capital – is accompanied by propriety assets and competencies that only can be accessed through FDI. This essay discusses the potential implications of this argument for DFI strategies and impact measurement methodologies.

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