01831cas a2200241 a 4500 AALejournalIMF006490 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455201150 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. FDI Flows to Low-Income Countries : Global Drivers and Growth Implications. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students What accounts for variations in FDI flows from advanced to developing countries? How have FDI inflows explained cross-country growth experiences? In this paper we tackle both these questions empirically for a large sample of middle and low-income countries. Two key results emerge: (i) lower borrowing costs and positive real-side external factors were increasingly important drivers of FDI outflows to low-income countries in the pre-crisis period; (ii) economic fundamentals, the strength of economic reforms, and commitment to macroeconomic discipline are crucial determinants of the growth dividends of FDI. Our paper suggests that low-income countries can turn to domestic policy solutions to mitigate the adverse effects of a potential decline in FDI in the post-crisis world. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2010/132 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/132/001.2010.issue-132-en.xml IMF e-Library