Foreign Ownership Restrictions and Liberalization Reforms

Foreign Ownership Restrictions and Liberalization Reforms
Author: David Conklin
Publisher: Routledge
Total Pages: 168
Release: 2019-01-15
Genre: Business & Economics
ISBN: 0429855311

Published in 1997, this volume examines why foreign investment restrictions put in place during the 1950s and 1960s have been largely removed in recent years. Illustrations from ten countries are used to demonstrate the liberalizing movement, and the author analyzes the differences among sectors with regard to rationales and changes in rationales suggesting why many societies have chosen to retain certain restrictions even with the general liberalization. On this basis recommendations are presented in the book with regard to alternative mechanisms for achieving the original national objectives.

Foreign Ownership Restrictions and Liberalization Reforms

Foreign Ownership Restrictions and Liberalization Reforms
Author: DAVID. LECRAW CONKLIN (DON.)
Publisher: Routledge
Total Pages: 230
Release: 2020-04-02
Genre:
ISBN: 9781138313439

Published in 1997, this volume examines why foreign investment restrictions put in place during the 1950s and 1960s have been largely removed in recent years. Illustrations from ten countries are used to demonstrate the liberalizing movement, and the author analyzes the differences among sectors with regard to rationales and changes in rationales suggesting why many societies have chosen to retain certain restrictions even with the general liberalization. On this basis recommendations are presented in the book with regard to alternative mechanisms for achieving the original national objectives.

Regulation Of Foreign Investment: Challenges To International Harmonization

Regulation Of Foreign Investment: Challenges To International Harmonization
Author: Zdenek Drabek
Publisher: World Scientific
Total Pages: 510
Release: 2013-01-11
Genre: Law
ISBN: 9814401633

The main aim of this book is to assess the importance of international rules for foreign direct investment and the major challenges to international harmonization of those rules. Particular attention is paid to the most controversial and contentious issues with the view of appraising the prospects for establishing global rules. The book is divided into three parts; the first part includes papers assessing the role of national and international legislation with further distinction being made between bilateral, regional and multilateral legal frameworks. The second part addresses regulatory issues of technology transfer, labor, environment, subsidies and investment incentives, national security, public services and sovereign wealth funds. The final part looks at the experience of some international fora in addressing these issues and at some theoretical and conceptual problems of rule harmonization. The papers have been written by legal and economic scholars from leading universities.

Capital Account Liberalization and Inequality

Capital Account Liberalization and Inequality
Author: Davide Furceri
Publisher: International Monetary Fund
Total Pages: 26
Release: 2015-11-24
Genre: Business & Economics
ISBN: 1513531409

This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average, capital account liberalization reforms increase inequality and reduce the labor share of income in the short and medium term. We also find that the level of financial development and the occurrence of crises play a key role in shaping the response of inequality to capital account liberalization reforms.

Trade Liberalization

Trade Liberalization
Author: Romain Wacziarg
Publisher: Edward Elgar Publishing
Total Pages: 0
Release: 2018
Genre: Free trade
ISBN: 9781788111492

This compelling two-volume collection presents the major literary contributions to the economic analysis of the consequences of trade liberalization on growth, productivity, labor market outcomes and economic inequality. Examining the classical theories that stress gains from trade stemming from comparative advantage, the selection also comprises more recent theories of imperfect competition, where any potential gains from trade can stem from competitive effects or the international transmission of knowledge. Empirical contributions provide evidence regarding the explanatory power of these various theories, including work on the effects of trade openness on economic growth, wages, and income inequality, as well as evidence on the effects of trade on firm productivity, entry and exit. Prefaced by an original introduction from the editor, the collection will to be an invaluable research resource for academics, practitioners and those drawn to this fascinating topic.

Capital Account Liberalization

Capital Account Liberalization
Author: Peter Blair Henry
Publisher:
Total Pages: 82
Release: 2006
Genre: Capital
ISBN: 9780979037634

"Writings on the macroeconomic impact of capital account liberalization find few, if any, robust effects of liberalization on real variables. In contrast to the prevailing wisdom, I argue that the textbook theory of liberalization holds up quite well to a critical reading of this literature. The lion's share of papers that find no effect of liberalization on real variables tell us nothing about the empirical validity of the theory, because they do not really test it. This paper explains why it is that most studies do not really address the theory they set out to test. It also discusses what is necessary to test the theory and examines papers that have done so. Studies that actually test the theory show that liberalization has significant effects on the cost of capital, investment, and economic growth"--National Bureau of Economic Research web site.

Domestic Regulation and Service Trade Liberalization

Domestic Regulation and Service Trade Liberalization
Author: Pierre Sauve
Publisher: World Bank Publications
Total Pages: 246
Release: 2003-08-29
Genre: Political Science
ISBN: 0821383434

Trade in services, far more than trade in goods, is affected by a variety of domestic regulations, ranging from qualification and licensing requirements in professional services to pro-competitive regulation in telecommunications services. Experience shows that the quality of regulation strongly influences the consequences of trade liberalization. WTO members have agreed that a central task in the ongoing services negotiations will be to develop a set of rules to ensure that domestic regulations support rather than impede trade liberalization. Since these rules are bound to have a profound impact on the evolution of policy, particularly in developing countries, it is important that they be conducive to economically rational policy-making. This book addresses two central questions: What impact can international trade rules on services have on the exercise of domestic regulatory sovereignty? And how can services negotiations be harnessed to promote and consolidate domestic policy reform across highly diverse sectors? The book, with contributions from several of the world's leading experts in the field, explores a range of rule-making challenges arising at this policy interface, in areas such as transparency, standards and the adoption of a necessity test for services trade. Contributions also provide an in-depth look at these issues in the key areas of accountancy, energy, finance, health, telecommunications and transportation services.

Chinese Foreign Investment Laws and Policies

Chinese Foreign Investment Laws and Policies
Author: Wei Jia
Publisher: Praeger
Total Pages: 222
Release: 1994-11-21
Genre: Business & Economics
ISBN:

China is engaged in a major evolutionary economic change. Foreign direct investment (FDI) participation has been and will continue to be the driving force behind this change well into the next century. This book presents to Western business and legal communities a comprehensive picture of the prevailing Chinese foreign investment climate. More important, it provides keen insight into the ways China must move to improve its laws and policies.

International Financial Issues in the Pacific Rim

International Financial Issues in the Pacific Rim
Author: Takatoshi Ito
Publisher: University of Chicago Press
Total Pages: 441
Release: 2008-09-15
Genre: Business & Economics
ISBN: 0226387089

The imbalanced, yet mutually beneficial, trading relationship between the United States and Asia has long been one of international finance’s most perplexing mysteries. Although the United States continues to post a substantial trade deficit—and China reaps the benefits of a surplus—the dollar has yet to sink in the face of ever-increasing account disparities. International Financial Issues in the Pacific Rim explains why the United States enjoys a seemingly symbiotic relationship with its trading partners despite stark inequities in the trade balance, especially with Asia. This timely and well-informed study also debunks the assumed link between economic openness and low inflation in the region, identifies the serious gap between academic and private-sector researchers’ understanding of exchange rate volatility, and analyzes the liberalization of Asian capital accounts. International Financial Issues in the Pacific Rim will have broad implications for global trade and economic policy issues in Asia and beyond.