Competing for Capital

Competing for Capital
Author: Kenneth P. Thomas
Publisher: Georgetown University Press
Total Pages: 362
Release: 2000-10-19
Genre: Political Science
ISBN: 9781589018396

As corporations search for new production sites, governments compete furiously using location subsidies and tax incentives to lure them. Yet underwriting big business can have its costs: reduction in economic efficiency, shifting of tax burdens, worsening of economic inequalities, or environmental degradation. Competing for Capital is one of the first books to analyze competition for investment in order to suggest ways of controlling the effects of capital mobility. Comparing the European Union's strict regulation of state aid to business with the virtually unregulated investment competition in the United States and Canada, Kenneth P. Thomas documents Europe's relative success in controlling—and decreasing—subsidies to business, even while they rise in the United States. Thomas provides an extensive history of the powers granted to the EU's governing European Commission for controlling subsidies and draws on data to show that those efforts are paying off. In reviewing trends in North America, he offers the first comprehensive estimate of U.S. subsidies to business at all levels to show that the United States is a much higher subsidizer than it portrays itself as being. Thomas then suggests what we might learn from the European experience to control the effects of capital mobility—not only within or between states, but also globally, within NAFTA and the World Trade Organization as well. He concludes with policy recommendations to help promote international cooperation and cross-fertilization of ways to control competition for investment.

EU State Aids

EU State Aids
Author: Leigh Hancher
Publisher: Sweet & Maxwell
Total Pages: 1283
Release: 2012
Genre: Law
ISBN: 0414046560

An invaluable resource to all those involved in advising or litigating matters of state aid, from lawmakers to regulators, lawyers, economists and courts. This fully revised 4th edition presents detailed practical guidance to the law and practice in the European Union as it stands today, together with the relevant primary law materials

Safeguarding Companies' Rights in Competition and Anti-dumping/anti-subsidies Proceedings

Safeguarding Companies' Rights in Competition and Anti-dumping/anti-subsidies Proceedings
Author: Themistoklis K. Giannakopoulos
Publisher: Kluwer Law International B.V.
Total Pages: 666
Release: 2011-01-01
Genre: Law
ISBN: 9041134042

Focusing on the rules safeguarding procedural due process in the administrative procedures of the Commission, this fully updated edition of a widely used handbook covers the four principal fields that entail enforcement of substantive competition rules: antitrust, merger, anti-dumping/antisubsidies, and State aid. Among the many practical issues raised are the following: the right of directly involved parties to bring an action before the European Courts in merger, anti-dumping/anti-subsidies, and State-aid cases; the rights of complainants in antitrust cases; the rights and obligations of beneficiaries in State-aid cases; the extent to which the right to confidential communication between lawyer and client in thesecases is recognised by the European Commission and the European Courts; the right to silence to avoid self-incrimination in antitrust cases; the right to respect for confidentiality and the right to be heard during the preliminary factfinding procedure of the Commission; the obligations of an undertaking during the fact-finding procedure of the Commission; the right of access to the Commission's file; the right to a fair hearing of all the parties concerned by the Commission proceedings; and the applicability of Article 6 of the European Convention of Human Rights (ECHR) to EU antitrust procedures. Three tables consolidate briefly and comparatively the rights and the obligations of the private parties in the four proceedings, as well as their right to bring an action before the European Courts. These tables give the reader the opportunity to easily check out what is the situation in the four proceedings regarding a specific right or obligation. The author's analysis draws on all the relevant judgments of the European Courts, and the book comes with a wealth of reference material, including detailed footnotes, lists of legislation and cases in both chronological and alphabetical order, and an extensive bibliography.

Foreign Direct Investment in a Changing Global Political Economy

Foreign Direct Investment in a Changing Global Political Economy
Author: Steve Chan
Publisher: Springer
Total Pages: 261
Release: 2016-07-27
Genre: Business & Economics
ISBN: 1349141216

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.