Micro relato de un trade-off : cambio estructural versus equilibrio de balanza de pagos en unproyecto de inversión egipcia en Argelia

摘要

Resource-rich economies can find themselves trapped in a dilemma overwhether to prioritize processes of structural change or to preserve their balanceof payments equilibrium. The objective of national development strategiesto diversify the productive structure might reflect on the attraction of foreigndirect investment projects, with a negative impact on net exports – thereforeleading to current account deficits and increased needs of external financing.This article analyses this macroeconomic trade-off, through the particular caseof one Egyptian direct investment in Algeria by way of a cable manufacturingcompany. The case study is conducted following a previously elaboratedmethodological framework for the study of the development effects of foreigndirect investment (FDI).