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Does foreign direct investment (FDI) channel capital and know-how to developing countries? Or does it bring corruption and abuse of labor standards? Theodore H. Moran, Non-Resident Fellow, Center for Global Development and Marcus Wallenberg Chair, School of Foreign Service, Georgetown University launched his new book Harnessing Foreign Direct Investment for Development, which confirms that FDI's contribution to development can be extremely powerful but that some forms of FDI, especially in infrastructure, have serious adverse consequences. Vijaya Ramachandran, Visiting Fellow, Center for Global Development and Assistant Professor, Georgetown Public Policy Institute served as a discussant and Dennis de Tray, Vice President, Center for Global Development moderated the discussion.