What are the factors most important to make economic development of a country , FDI...?

Question

Foreign Direct investment can help ? Give me some example.
Also I want to know which economic factor will tell you which country is reach and which one is poor.
Give me some souce of research paper on these.
Ans also website ( some good ones)

Answer 1

[Whoops, somehow my answer got deleted. This is a quick recap.]

There are many, many factors. Yes, property rights are necessary, as is an impartial system of law to adjudicate disputes and enforce contracts. But so are MANY other things, which are often assumed away in economic models. E.g., no violence. (Duh! Sounds simple, eh?) Adherence to the law. Etc. etc. etc. It turns out that high tax revenues are correlated with economic development -- not entirely causation, of course, but neither is it the bane that some laissez-faire fools would have you believe. (Taxes force government in part to be responsible to society, providing public goods, overcoming collective action and free-rider problems. Thus the "oil-curse" in which government gets revenues from oil rather than from taxes.) The education of girls is one of the best ways to increase economic development -- as proven in Brazil and elsewhere. (Literate girls are much less likely to get pregnant too early, will lead productive lives, help spend money wisely, etc.) FDI generally helps more than it hinders but it is not a panacea -- otherwise firms just keep moving around to the lowest cost site, avoiding environmental and labor regulations and playing off one government against another to achieve tax breaks. For examples on how FDI helps, see work by corporate-funded shills like Theodore Moran and his cronies at the IIE (Fred Bergsten, Gary Hufbauer, Kim Elliott, Edward M. Graham, et al.). Given who funds them, it is no surprise that they almost never criticize a corporation by name. They'd like you to believe that almost no corporation has harmed economic development, if left to its own devices. The problem is that the fastest growing countries had heavy government intervention (and no, they could not have grown even faster without it): Malaysia, S. Korea, China, etc.

Answer 2

PRIVATE PROPERTY RIGHTS

Here's an entire book about it:
http://www.amazon.com/Mystery-Capital-Capitalism-Triumphs-Everywhere/dp/0465016146/sr=8-3/qid=1161227163/ref=pd_bbs_3/002-7870909-1100821?ie=UTF8&s=books

If you have to write a paper, I suggest you get the book from the library. More info than you will be able to use.

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