Foreign Investment, Growth, and Economic Freedom: What Is OPIC's Role?
Publication Date: June 2007
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): Tim Kane
Series: Heritage Lecture
Keywords: Economy; Overseas Private Investment Corporation; OPIC; economic development
Coverage: United States
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.