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Author: Pablo M. Pinto Publisher: Cambridge University Press ISBN: 1139619772 Category : Political Science Languages : en Pages : 309
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: Pablo M. Pinto Publisher: Cambridge University Press ISBN: 1139619772 Category : Political Science Languages : en Pages : 309
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: Pablo M. Pinto Publisher: Cambridge University Press ISBN: 1107019109 Category : Business & Economics Languages : en Pages : 309
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: Nathan M. Jensen Publisher: Princeton University Press ISBN: 1400837375 Category : Business & Economics Languages : en Pages : 212
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: Edward Alden Publisher: Rowman & Littlefield ISBN: 1538109093 Category : Political Science Languages : en Pages : 269
Book Description
*Updated edition with a new foreword on the Trump administration's trade policy* The vast benefits promised by the supporters of globalization, and by their own government, have never materialized for many Americans. In Failure to Adjust Edward Alden provides a compelling history of the last four decades of US economic and trade policies that have left too many Americans unable to adapt to or compete in the current global marketplace. He tells the story of what went wrong and how to correct the course. Originally published on the eve of the 2016 presidential election, Alden’s book captured the zeitgeist that would propel Donald J. Trump to the presidency. In a new introduction to the paperback edition, Alden addresses the economic challenges now facing the Trump administration, and warns that economic disruption will continue to be among the most pressing issues facing the United States. If the failure to adjust continues, Alden predicts, the political disruptions of the future will be larger still.
Author: Geoffrey Garrett Publisher: Cambridge University Press ISBN: 9780521446907 Category : Business & Economics Languages : en Pages : 208
Book Description
Geoffrey Garrett challenges the conventional wisdom about the domestic effects of the globalization of markets in the industrial democracies: the erosion of national autonomy and the demise of leftist alternatives to the free market. He demonstrates that globalization has strengthened the relationship between the political power of the left and organized labour and economic policies that reduce market-generated inequalities of risk and wealth. Moreover, macroeconomic outcomes in the era of global markets have been as good or better in strong left-labour regimes ('social democratic corporatism') as in other industrial countries. Pessimistic visions of the inexorable dominance of capital over labour or radical autarkic and nationalist backlashes against markets are significantly overstated. Electoral politics have not been dwarfed by market dynamics as social forces. Globalized markets have not rendered immutable the efficiency-equality trade-off.
Author: Pablo Martín Pinto Publisher: ISBN: 9781139625357 Category : Investments, Foreign Languages : en Pages : 309
Book Description
"Develops a partisan theory of foreign direct investment (FDI) to explain variance in the regulation of foreign investment and in the amount of FDI inflows that countries receive"--
Author: Carles Boix Publisher: Cambridge University Press ISBN: 9780521585958 Category : Political Science Languages : en Pages : 300
Book Description
Given the increased openness of countries to international trade and financial flows, the general public and the scholarly literature have grown skeptical about the capacity of policy-makers to affect economic performance. Challenging this view, Political Parties, Growth, and Equality shows that the increasingly interdependent world economy and recent technological shocks have actually exacerbated the dilemmas faced by governments in choosing among various policy objectives, such as generating jobs and reducing income inequality, thereby granting political parties and electoral politics a fundamental and growing role in the economy. To make growth and equality compatible, social democrats employ the public sector to raise the productivity of capital and labor. By contrast, conservatives rely on the private provision of investment. Based on analysis of the economic policies of all OECD countries since the 1960s and in-depth examination of Britain and Spain in the 1980s, this book offers a new understanding of how contemporary democracies work.
Author: Hye Jee Cho Publisher: Routledge ISBN: 1315445026 Category : Political Science Languages : en Pages : 130
Book Description
Increasingly integrated global financial markets have been shaken by a series of severe shocks in recent decades, from Mexico’s Tequila crisis to the upheavals in the Eurozone. These crises have demonstrated that signs of uncertain local economic and political conditions can result in market fluctuations which in turn cause economic, social, and political instability. Such instability is particularly severe for developing countries that rely heavily on international financial markets for their financial needs. Building credibility in these markets is therefore important for national governments who wish to prevent market panic and capital flight and, ultimately, to achieve stable economic growth. Earlier studies have argued that institutional arrangements that constrain governments and commit them to protecting private property rights and market-friendly policies can send a strong positive signal to the markets about a given country’s sovereign credibility. This book argues, however, that the market perception of such credibility-building institutions is significantly contingent on which party governs the country. Formal institutions confer significant credibility-building effects on left-wing governments, whereas less or no significant effects are enjoyed by right-wing governments. And beyond that, any significant changes in a country’s institutional landscape—such as a breakdown of democracy or joining an international organization that can influence domestic politics—have particularly strong impact on the credibility of left-wing governments. This argument is supported by a quantitative analysis of sovereign credit ratings data collected from around 90 developing countries from 1980 to 2007, by case studies from South Asia, Eastern Europe and Latin America, and by face-to-face interviews with 24 financial market experts based in Hong Kong, Seoul, and Paris.
Author: Nathan Jensen Publisher: University of Michigan Press ISBN: 0472028375 Category : Political Science Languages : en Pages : 220
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: Pablo M. Pinto
Author: Pablo M. Pinto
Author: Pablo M. Pinto
Author: Nathan M. Jensen
Author: Edward Alden
Author: Geoffrey Garrett
Author: Pablo Martín Pinto
Author: Jacob S. Hacker
Author: Carles Boix
Author: Hye Jee Cho
Author: Nathan Jensen