Foreign Direct Investment Democracy And Development
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Author | : Indra de Soysa |
Publisher | : Routledge |
Total Pages | : 197 |
Release | : 2003-05-01 |
Genre | : Business & Economics |
ISBN | : 1134532172 |
The effects of globalization on economy and society are highly contested subjects in academic and political arenas. This study brings an empirical perspective to the crucially important arguments that encapsulate the major debates in this area. Using quantitative data, this book addresses the shape and degree of internationalisation by focussing on
Author | : Nathan M. Jensen |
Publisher | : Princeton University Press |
Total Pages | : 212 |
Release | : 2008-01-21 |
Genre | : Business & Economics |
ISBN | : 1400837375 |
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 | : |
Publisher | : World Bank Publications |
Total Pages | : 40 |
Release | : 2007 |
Genre | : Bank Policy |
ISBN | : |
China is now the world's largest destination of foreign direct investment (FDI), despite assessments highlighting its institutional deficiencies. But this FDI inflow corresponds closely to predicted FDI flows into China from a model that predicts FDI inflow based on government quality indicators and controls and is estimated across a sample of other weak-institution countries. The only real discrepancy is that, if government quality is measured by constraints on executive power, China receives somewhat more FDI than the model predicts. This might reflect an underestimation of the strength of these constraints in China, a unique institutional setting for FDI operations, FDI based on expected future institutional improvements, or a unique Chinese model of development. The authors conclude that Ockham's razor disfavors the last. They also note that FDI may be elevated because Chinese institutions protect foreign firms better than domestic ones.
Author | : Yu Zheng |
Publisher | : University of Michigan Press |
Total Pages | : 422 |
Release | : 2014-01-28 |
Genre | : Political Science |
ISBN | : 0472029576 |
Yu Zheng challenges the idea that democracy is the prerequisite for developing countries to attract foreign direct investment (FDI) and promote economic growth. He examines the relationship between political institutions and FDI through the use of cross-national analysis and case studies of three rapidly growing Asian economies with a focus on the role of microinstitutional “special economic zones” (SEZ). China’s authoritarian system allows for bold, radical economic reform, but China has attracted FDI largely because of its increasingly credible investment environment as well as its central and local governments’ efforts to overcome constraints on investment. India’s democratic institutions provide more political assurance to foreign investors, but its market became conducive to FDI only when the government adopted more flexible investment policies. Taiwan’s democratic transition shifted its balance of policy credibility and flexibility, which was essential for the nation’s economic takeoff and sustained growth. Zheng concludes that a more accurate understanding of the relationship between political institutions and FDI comes from careful analysis of institutional arrangements that entail a trade-off between credibility and flexibility of governance.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 225 |
Release | : 2002-09-24 |
Genre | : |
ISBN | : 9264199284 |
Provides a comprehensive review of the issues related to the impact of FDI on development as well as to the policies needed to maximise the benefits.
Author | : Jennifer R. Lander |
Publisher | : |
Total Pages | : 680 |
Release | : 2017 |
Genre | : Democracy |
ISBN | : |
Author | : Theodore H. Moran |
Publisher | : Peterson Institute |
Total Pages | : 442 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 9780881323818 |
This volume gathers the cutting edge of new research on foreign direct investment and host country economic performance, and presents the most sophisticated critiques of current and past inquiries. It presents new results, concludes with an analysis of the implications for contemporary policy debates, and proposed new avenues for future research.
Author | : Theodore H. Moran |
Publisher | : Peterson Institute |
Total Pages | : 220 |
Release | : 1998 |
Genre | : Business & Economics |
ISBN | : 9780881322583 |
Explores three related issues of foreign direct investment (FDI) from the point of view of the host country: benefits and risks; the effectiveness of international markets in providing FDI to developing countries; and the kinds of policies that allow countries to capture the benefits and avoid the risks of FDI. Annotation copyrighted by Book News, Inc., Portland, OR
Author | : Nathan Jensen |
Publisher | : University of Michigan Press |
Total Pages | : 220 |
Release | : 2012-09-18 |
Genre | : Political Science |
ISBN | : 0472028375 |
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 | : Indra de Soysa |
Publisher | : Routledge |
Total Pages | : 171 |
Release | : 2003-05 |
Genre | : Business & Economics |
ISBN | : 1134532180 |
Using quantitative data, this book addresses internationalisation by focussing on the impact of Foreign Direct Investment and democracy on economic development and the effects of economic internationalisation on democracy.