A Political Economy of Foreign Direct Investment
E-Book, Englisch, 224 Seiten, EPUB3
ISBN: 978-1-4008-3737-3
Verlag: De Gruyter
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)
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.
Autoren/Hrsg.
Fachgebiete
Weitere Infos & Material
List of Illustrations ix
Preface xi
List of Abbreviations xv
Chapter 1: Introduction 1
Chapter 2: Multinational Firms and Domestic Governments 23
Chapter 3: Theory 40
Chapter 4: The Race to the Bottom Thesis and FDI 53
Chapter 5: Democracy and FDI 72
Chapter 6: Veto Players and FDI 100
Chapter 7: The IMF and FDI Inflows 129
Chapter 8: Conclusion 146
Notes 157
References 167
Index 185