Foreign Investment, Growth, and Economic Freedom: What Is OPIC's Role?
Publication Date: June 2007
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Tim Kane
Research Area: Economics
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.
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