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Foreign Investment, Growth, and Economic Freedom: What Is OPIC's Role?

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Publication Date: June 2007

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Tim Kane

Series: Heritage Lecture

Topic: Economics (Economic relations)

Keywords: Economy; Overseas Private Investment Corporation; OPIC; economic development

Type: Speech

Coverage: United States

Abstract:

Empirical studies show that growth comes first, and investment follows, which implies that building the institutions for growth is the optimal development strategy. Congress should explore a phase-out of OPIC, especially since its mission is duplicative of the private sector.