The 2012 Harcourt Lecture: “Foreign Direct Investment and Economic Governance”

The School of Economics is proud to present our 2012 speaker, Professor Avinash Dixit,  The John J. F. Sherrerd ’52 University Professor of Economics, Emeritus, at Princeton University. He is also a Distinguished Adjunct Professor of Economics at Lingnan University, Hong Kong, and a Senior Research Fellow at Nuffield College, Oxford.

All are welcome to this Free Public Lecture.


Foreign Direct Investment and Economic Governance

Less-developed countries and former socialist countries wish to attract foreign direct investment (FDI), but are often handicapped by the insecurity of property rights and contracts in their country. To try and ensure greater security, potential investors and governments attempt to devise alternative special arrangements and institutions. However, these arrangements only imperfectly cope with the bad governance, which has a impact on the volume and form of investments that they are willing to make.

However,  firms with experience of coping with poor governance in their home country enjoy some advantage when investing in other host countries with similarly weak governance; this helps to explain the emergence of outward foreign direct investment from developing countries.

The lecture will present an overview of these issues and suggest actions for firms and governments to improve the quantity and quality of foreign direct investment.

The Harcourt Professorship

The Harcourt Professorship was established by generous donations in celebration of the 25 years of infectious enthusiasm and distinguished scholarship which Geoff Harcourt gave to the School of Economics. Each year, the Endowment invites a global leader in a field of economics to share their knowledge and experience not only with economic students and staff, but also the broader community.  

DATE:              Thursday 6 September, 2012

TIME:               5:30 – 6:30pm

VENUE:            Napier Building LG24, North Terrace, The University of Adelaide (Map)

TO REGISTER: please email:


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