Author: Nathan M. Jensen
Publisher: Princeton University Press
ISBN: 1400837375
Category : Business & Economics
Languages : en
Pages : 212
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Book Description
What makes a country attractive to foreign investors? To what extent do conditions of governance and politics matter? This book provides the most systematic exploration to date of these crucial questions at the nexus of politics and economics. Using quantitative data and interviews with investment promotion agencies, investment location consultants, political risk insurers, and decision makers at multinational corporations, Nathan Jensen arrives at a surprising conclusion: Countries may be competing for international capital, but government fiscal policy--both taxation and spending--has little impact on multinationals' investment decisions. Although government policy has a limited ability to determine patterns of foreign direct investment (FDI) inflows, political institutions are central to explaining why some countries are more successful in attracting international capital. First, democratic institutions lower political risks for multinational corporations. Indeed, they lead to massive amounts of foreign direct investment. Second, politically federal institutions, in contrast to fiscally federal institutions, lower political risks for multinationals and allow host countries to attract higher levels of FDI inflows. Third, the International Monetary Fund, often cited as a catalyst for promoting foreign investment, actually deters multinationals from investment in countries under IMF programs. Even after controlling for the factors that lead countries to seek IMF support, IMF agreements are associated with much lower levels of FDI inflows.
Author: Nathan Jensen
Publisher: University of Michigan Press
ISBN: 0472028375
Category : Political Science
Languages : en
Pages : 220
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Book Description
For decades, free trade was advocated as the vehicle for peace, prosperity, and democracy in an increasingly globalized market. More recently, the proliferation of foreign direct investment has raised questions about its impact upon local economies and politics. Here, seven scholars bring together their wide-ranging expertise to investigate the factors that determine the attractiveness of a locale to investors and the extent of their political power. Multinational corporations prefer to invest where legal and political institutions support the rule of law, protections for property rights, and democratic processes. Corporate influence on local institutions, in turn, depends upon the relative power of other players and the types of policies at issue.
Author: Robert Gilpin
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
Monograph on foreign policies and economic policies of the USA with regard to foreign investment, economic relations and multinational enterprises (role of USA) - shows the reciprocal interaction of economics and politics in today's world. References and statistical tables.
Author: Theodore H. Moran
Publisher: Free Press
ISBN:
Category : International business enterprises
Languages : en
Pages : 312
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Book Description
Author: Pablo M. Pinto
Publisher: Cambridge University Press
ISBN: 1139619772
Category : Political Science
Languages : en
Pages : 309
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Book Description
Pinto develops a partisan theory of foreign direct investment (FDI) arguing that left-wing governments choose policies that allow easier entry by foreign investors more than right-wing governments, and that foreign investors prefer to invest in countries governed by the left. To reach this determination, the book derives the conditions under which investment flows should be expected to affect the relative demand for the services supplied by economic actors in host countries. Based on these expected distributive consequences, a political economy model of the regulation of FDI and changes in investment performance within countries and over time is developed. The theory is tested using both cross-national statistical analysis and two case studies exploring the development of the foreign investment regimes and their performance over the past century in Argentina and South Korea.
Author: Steve Chan
Publisher: Springer
ISBN: 1349141216
Category : Business & Economics
Languages : en
Pages : 261
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Book Description
This book examines foreign direct investment in a changing world economy. It offers case-studies of this investment in different national and industrial contexts. Firms and countries have encountered mixed results in using this investment to further their foreign leverage. Conversely, potential host countries have faced different opportunities and constraints in attracting or utilizing foreign capital for their development. Although some countries have been relatively successful, most do not appear to be well positioned to take advantage of the ongoing processes of globalization of national economies.
Author: Helge Hveem
Publisher: Routledge
ISBN: 1136309926
Category : Political Science
Languages : en
Pages : 297
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Book Description
This book examines the politics of technology, and provides a detailed analysis of developments and debates within the European Union, international trade and governance. An important empirical contribution to the literature on the relations between politics and technology, this volume contains empirical statistical studies based on a wide variety of different types of data, and includes expert contributions from different academic disciplines. With a selection of detailed case studies, this book is divided into three main sections: The first part presents contributions on the role of domestic national policies for innovation and idea diffusion, including studies on Japan and the European Union. The second part takes a critical look at how the international system of intellectual property rights access to knowledge, opportunities for development and health improvement, examining the TRIPS agreement and the European patent system. The third part focuses on the role of foreign direct investment in innovation and idea diffusion, with studies on a wide range of cases using different, novel data material. Governance and Knowledge will be of interest to students, scholars and policy-makers of European politics, political economy, international trade, governance and economics.
Author: Van R. Whiting
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
Why did Mexico pursue a decades-long nationalist policy toward foreign investors? What were the results of that policy? Why did Mexico's leaders shift in the 1980s from nationalism to "Southern Liberalism"? In The Political Economy of Foreign Investment in Mexico, Van R. Whiting, Jr., examines the domestic and international forces that shape the political choices made by one of the Third World's largest and strongest states. Whiting contends that neither dependency nor statism is sufficient to explain foreign investment policy in Mexico. Political preferences and political choices do matter. But domestic and international structural constraints, he argues, bound the choices of policy makers. Globalization of capital and technology, for example, shapes policy options in a way that favors liberalization. In the first half of the book, Whiting examines Mexico's nationalist tradition and the limits of its foreign investment policies. The joint venture policy and the regulatory apparatus put in place in the 1970s did not succeed in replacing the capital, technology, and marketing capabilities of foreign firms. In the second half, he explains how international industrial structure limited national policy and created greater opportunities for liberalization. In his conclusion, Whiting highlights the importance of understanding "constrained choice" for moving beyond positivist explanations in social science. Using extensive fieldwork in Mexico, including more than a hundred interviews with policy makers and business executives, he shows how a powerful global trend toward industrial integration shaped choices and transformed constraints, increasing the importance of access to markets. ThePolitical Economy of Foreign Investment in Mexico will interest not only scholars and students in political science and other social sciences but also professionals in business, law, and public policy who need to understand the shift from nationalism to liberalism in major developing c
Author: Devashish Mitra
Publisher: Elsevier
ISBN: 0444515976
Category : Business & Economics
Languages : en
Pages : 329
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Book Description
Analyzing several aspects of the political economy of international economic policy,this book contains 12 essays that address the areas of the political economy of trade, aid and investment policy, and therefore will be of interest to academic researchers and students of international economics.
Author: Jonathan Bonnitcha
Publisher: Oxford University Press
ISBN: 0192529838
Category : Business & Economics
Languages : en
Pages : 340
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Book Description
Investment treaties are some of the most controversial but least understood instruments of global economic governance. Public interest in international investment arbitration is growing and some developed and developing countries are beginning to revisit their investment treaty policies. The Political Economy of the Investment Treaty Regime synthesises and advances the growing literature on this subject by integrating legal, economic, and political perspectives. Based on an analysis of the substantive and procedural rights conferred by investment treaties, it asks four basic questions. What are the costs and benefits of investment treaties for investors, states, and other stakeholders? Why did developed and developing countries sign the treaties? Why should private arbitrators be allowed to review public regulations passed by states? And what is the relationship between the investment treaty regime and the broader regime complex that governs international investment? Through a concise, but comprehensive, analysis, this book fills in some of the many "blind spots" of academics from different disciplines, and is the first port of call for lawyers, investors, policy-makers, and stakeholders trying to make sense of these critical instruments governing investor-state relations.
