, scholars from business schools in the U.S., Europe, Japan, and Latin America reflect on the relationship of foreign investment to the development process, examining the experience of foreign investors in a variety of national settings. They explore the complex issues relating to foreign investment and present the pros and cons of various approaches. The volume begins with general administrative ways to encourage or discourage foreign investment. There are detailed discussions on specific countries and their experiences with foreign investment, including a large Asian developing country, countries in Latin America and Europe, and Japan. Following these regional experiences are general articles examining the costs and benefits of in the international marketplace.