Oded Shenkar. Developing China: the Remarkable Impact of Foreign Direct Investment by Michael J. Enright

At a time when globalization is increasingly challenged, it is rewarding to read a book that touts the promise of globalization, in particular the benefits of foreign direct investment (FDI). While international trade takes centre stage in the popular media, FDI is not only related to it but also at least as important in its own right, not just economically but also politically, geopolitically, socially, and otherwise. As most economic and social phenomena, it has multiple facets, of which the author chooses to highlight one, namely its critical role in economic growth and development.