Investment Incentives and the Global Competition for Capital


Author: K. Thomas
Publisher: Springer
ISBN: 0230302394
Category: Political Science
Page: 201
View: 2544
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This is a global study of government subsidies to attract investment. The book shows how corporations use site selection as rent extraction, with developing countries investing more than developed ones. It demonstrates that incentive use is rarely a good policy, especially for countries without adequate education and infrastructure.

Critical International Political Economy

Dialogue, Debate and Dissensus
Author: Stuart Shields,Ian Bruff,Huw Macartney
Publisher: Springer
ISBN: 0230299407
Category: Political Science
Page: 195
View: 8470
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Amidst the continued debate surrounding the foundations of IPE, coupled with recent methodological and theoretical divides this book argues that an attempt should be made to re-visit the notion of the 'critical'. The challenge posed by contributors to this volume is to assess the development of so-called critical IPE and interrogate whether the theoretical foundations it was built upon have reached their potential. The essays in this volume take up this challenge in a number of different ways but all share a common concern - to re-assess the purpose of critical approaches, reflect on why certain social theorists have been favoured as a point of departure, yet others have largely been ignored. In light of recent debates on the notion of a 'trans-Atlantic divide' within IPE the collection the contributors aim demonstrates how the distinction between the 'critical' and the 'orthodox' (or 'empirical') is only significant if the 'critical' is geared towards a larger, more substantial body of critical social enquiry and engages with what it means to conduct such enquiry.

Rethinking Investment Incentives

Trends and Policy Options
Author: Ana Teresa Tavares-Lehmann,Perrine Toledano,Lise Johnson,Lisa Sachs
Publisher: Columbia University Press
ISBN: 0231541643
Category: Business & Economics
Page: 368
View: 3656
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Governments often use direct subsidies or tax credits to encourage investment and promote economic growth and other development objectives. Properly designed and implemented, these incentives can advance a wide range of policy objectives (increasing employment, promoting sustainability, and reducing inequality). Yet since design and implementation are complicated, incentives have been associated with rent-seeking and wasteful public spending. This collection illustrates the different types and uses of these initiatives worldwide and examines the institutional steps that extend their value. By combining economic analysis with development impacts, regulatory issues, and policy options, these essays show not only how to increase the mobility of capital so that cities, states, nations, and regions can better attract, direct, and retain investments but also how to craft policy and compromise to ensure incentives endure.

Competing for Capital

Europe and North America in a Global Era
Author: Kenneth P. Thomas
Publisher: Georgetown University Press
ISBN: 9781589018396
Category: Political Science
Page: 352
View: 7865
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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.

The Future of US Global Power

Delusions of Decline
Author: Stuart S. Brown
Publisher: Palgrave Macmillan
ISBN: 1137023155
Category: Political Science
Page: 321
View: 6818
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Has the combination of protracted war, explosive indebtedness and mounting income inequality dealt a decisive blow to US global influence and stature? Has the 'rise of the rest' completely upended the distribution of global power? The flood of recent commentary bemoaning the end of American primacy would lead one to think so. Stuart Brown rejects this conventional wisdom, and argues that the US still maintains the composite economic, cultural, political and military underpinnings befitting a predominant global power. The causes and implications of US trade imbalances are too often misdiagnosed while the geopolitical challenge from China is grossly exaggerated. The US continues to lead in global affairs, disproportionately contributing to global peace and stability. In dispelling the major assumptions underlying the case for American decline, Brown paints an alternative picture of an enduring power of unparalleled capability and global impact.

Partnerships and Foundations in Global Health Governance


Author: S. Rushton,O. Williams
Publisher: Springer
ISBN: 0230299474
Category: Political Science
Page: 308
View: 4716
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This book argues that the new actors in global health constitute a 'private turn' in global health governance, and provides theoretical and practical grounds for viewing global health partnerships and philanthropic foundations as closely aligned in their ideational and material approaches to a range of important issues and crises.

Incentives to Pander

How Politicians Use Corporate Welfare for Political Gain
Author: Nathan M. Jensen,Edmund Malesky
Publisher: Cambridge University Press
ISBN: 1108311423
Category: Political Science
Page: N.A
View: 6396
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Policies targeting individual companies for economic development incentives, such as tax holidays and abatements, are generally seen as inefficient, economically costly, and distortionary. Despite this evidence, politicians still choose to use these policies to claim credit for attracting investment. Thus, while fiscal incentives are economically inefficient, they pose an effective pandering strategy for politicians. Using original surveys of voters in the United States, Canada and the United Kingdom as well as data on incentive use by politicians in the US, Vietnam and Russia, this book provides compelling evidence for the use of fiscal incentives for political gain and shows how such pandering appears to be associated with growing economic inequality. As national and subnational governments surrender valuable tax revenue to attract businesses in the vain hope of long-term economic growth, they are left with fiscal shortfalls that have been filled through regressive sales taxes, police fines and penalties, and cuts to public education.

Capital and Collusion

The Political Logic of Global Economic Development
Author: Hilton L. Root
Publisher: Princeton University Press
ISBN: 9780691124070
Category: Business & Economics
Page: 335
View: 7949
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"A most interesting and informative work. The book contains excellent material and interesting analysis, and it will appeal to a broad audience."--Stanley Engerman, University of Rochester "An ambitious book, Capital and Collusion identifies the institutional reasons for the divergent growth paths of major regions in the developing world. The topic is one that will interest a broad range of readers in both academic and policy circles."--David Stasavage, London School of Economics "Root takes a very abstract notion like trust and provides a series of concrete demonstrations of how trust, or the lack of it, can affect economic performance and social welfare. He bases his arguments very skillfully on a variety of indicators that transform abstract concepts into observable phenomena and make his arguments come to life. This is a 'must read' in graduate and undergraduate courses that focus on institutions and development."--Lewis W. Snider, author of Growth, Debt and Politics: Economic Adjustment and the Political Performance of Developing Countries "In this exciting book, Hilton Root calls into question some of the "sacred cows" of contemporary thought, knocking down some of the rigid boundaries that exist among the social sciences and among concepts like developed and developing countries. A very good read for all."--Elinor Ostrom, Indiana University, author of Understanding Institutional Diversity "Capital and Collusion is a breathtaking tour de force that adds significantly to the growing literature on the political economy of development and of state failure. Hilton Root has tackled the most important question facing policymakers, leaders of international financial institutions, and students of the political economy of development: how can the incentives of leaders be changed to promote risk taking and entrepreneurship, diminish uncertainty and self-insurance, and stimulate economic growth when they benefit personally from sustained national failure? No one who wishes to understand or shape economic and social welfare can afford not to read this book."--Bruce Bueno de Mesquita, Professor of Politics, NYU

Foreign Direct Investment in a Changing Global Political Economy


Author: Steve Chan
Publisher: Springer
ISBN: 1349141216
Category: Business & Economics
Page: 246
View: 7907
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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.

Innovation and Growth in the Global Economy


Author: Gene M. Grossman,Elhanan Helpman
Publisher: MIT Press
ISBN: 9780262570978
Category: Business & Economics
Page: 359
View: 3843
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Traditional growth theory emphasizes the incentives for capital accumulation ratherthan technological progress. Innovation is treated as an exogenous process or a by-product ofinvestment in machinery and equipment. Grossman and Helpman develop a unique approach in whichinnovation is viewed as a deliberate outgrowth of investments in industrial research byforward-looking, profit-seeking agents.Gene M. Grossman is Professor of Economics and InternationalAffairs at Princeton University. Elhanan Helpman is Archie Sherman Professor of InternationalEconomic Relations at Tel Aviv University.

Corporate Governance and Capital Flows in a Global Economy


Author: Peter Cornelius,Bruce Mitchel Kogut
Publisher: Oxford University Press, USA
ISBN: 9780195167054
Category: Business & Economics
Page: 506
View: 1662
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This volume is a timely and insightful exploration into the issues of corporate governance and the impact of corporate governance practices on investments in developing countries. With global financial markets having become more integrated, the book pays particular attention to the role of corporate governance in emerging-market economies and international capital flows. Rich in facts and ideas, Corporate Governance and Capital Flows in a Global Economy is a must read for anyone interested in financial crises, international risk management, and global competitiveness.

The Global Competitiveness Report 2004-2005


Author: Michael E. Porter,Klaus Schwab,Xavier Sala-I-Martin,Augusto Lopez-Claros
Publisher: Palgrave Macmillan
ISBN: 9781403949134
Category: Business & Economics
Page: 624
View: 4310
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The World Economic Forum's annual Global Competitiveness Report evaluates the potential for sustained economic growth of over 100 economies and ranks them accordingly. Since it first release in 1979, the Report has become the most authoritative and comprehensive study of its type. The 2004-2005 Report Contains: *Detailed country competitiveness provides of 104 economies *Data tables for survey and hard data variable ranking profiled economies *Complementary global rankings: the Growth Competitiveness Index (GCI) and the Business Competitiveness Index (BCI), measuring growth and productivity respectively *Exclusive Data from the Executive Onion Survey, with over 8,700 responses from business leaders worldwide. Produced in collaboration with a distinguished group of international scholars and a global network of over 100 leading national research institutes and business organizations, the Report also showcases the latest thinking and research on issues of immediate relevance for business leaders and policy-makers.

Problem-Driven Political Economy Analysis

The World Bank's Experience
Author: Verena Fritz,Brian Levy,Rachel Ort
Publisher: World Bank Publications
ISBN: 1464801223
Category: Business & Economics
Page: 286
View: 1021
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This volume presents eight good practice examples of problem-driven political economy analysis conducted at the World Bank, and reflect what the Bank has so far been able to achieve in mainstreaming this approach into its operations and policy dialogue.

International Political Economy

Conflict and Cooperation in the Global System
Author: Frederic S. Pearson,Simon Payaslian
Publisher: McGraw-Hill Humanities, Social Sciences & World Languages
ISBN: N.A
Category: Business & Economics
Page: 486
View: 6068
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Takes up the important human impact questions of the global economy. With examples, this title links: domestic consequences to international trends, local and regional to global developments, and the formal to the informal economy. It also presents the political dimension of economic interaction.

Vietnam in the Global Economy

The Dynamics of Integration, Decentralization, and Contested Politics
Author: Thomas Jandl
Publisher: Lexington Books
ISBN: 0739177877
Category: Political Science
Page: 312
View: 5976
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This book describes in a game-theoretical approach how the development success story Vietnam managed to keep rent seeking in check sufficiently to attract record numbers of foreign investors and exhibit strong economic growth in the early stages of its economic reforms. It concludes that pluralistic contestation among societal interests under conditions of factor mobility can lead to the same benefits that are generally associated with liberal democracy—commitment to limited government through checks and balances.

The Economics of Global Turbulence

The Advanced Capitalist Economies from Long Boom to Long Downturn, 1945-2005
Author: Robert Brenner
Publisher: Verso
ISBN: 9781859847305
Category: Business & Economics
Page: 369
View: 7571
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BRENNER/ECONOMICS OF GLOBAL TURBU

International Political Economy in Context


Author: Andrew Sobel
Publisher: CQ Press
ISBN: 1608717119
Category: Political Science
Page: 592
View: 8875
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Although many international political economy texts offer good descriptions of what events have occurred in global economic and political relations, they make little attempt to develop explicit theoretical frameworks explaining why. Andrew SobelÆs International Political Economy in Context: Individual Choices, Global Effects takes a micro approach to international political economy that considers the fact that individualsùnot nationsùmake choices. Grounding policy choices in the competitive environs of domestic politics and decision-making processes, Sobel illustrates how policymakers choose among alternatives, settling on those that are most in sync with their self-interest. The book is structured to build studentsÆ skills for a sophisticated understanding of how and why events unfold in the international political economy. Students become versed in the primary assumptions and structural/macro conditions of economic and political geography in the global arena. An examination of micro-level conditions and mechanisms introduces the factors that influence political and economic outcomes. Students are then able to use those primary assumptions and micro-level arrangements to make sense of past and present changes in the global political economy. Those familiar with SobelÆs first volume, Political Economy and Global Affairs, will easily find their way through this new book. Anyone looking for a compelling, accessible, and fully integrated rational choice perspective on international political economy will find it here.

The Political Economy of City Branding


Author: Ari-Veikko Anttiroiko
Publisher: Routledge
ISBN: 1135129894
Category: Business & Economics
Page: 216
View: 4711
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Globalization affects urban communities in many ways. One of its manifestations is increased intercity competition, which compels cities to increase their attractiveness in terms of capital, entrepreneurship, information, expertise and consumption. This competition takes place in an asymmetric field, with cities trying to find the best possible ways of using their natural and created assets, the latter including a naturally evolving reputation or consciously developed competitive identity or brand. The Political Economy of City Branding discusses this phenomenon from the perspective of numerous post-industrial cities in North America, Europe, East Asia and Australasia. Special attention is given to local economic development policy and industrial profiling, and global city rankings are used to provide empirical evidence for cities’ characteristics and positions in the global urban hierarchy. On top of this, social and urban challenges such as creative class struggle are also discussed. The core message of the book is that cities should apply the tools of city branding in their industrial promotion and specialization, but at the same time take into account the special nature of their urban communities and be open and inclusive in their brand policies in order to ensure optimal results. This book will be of interest to scholars and practitioners working in the areas of local economic development, urban planning, public management, and branding.

European Union and the Race for Foreign Direct Investment in Europe


Author: Lars Oxelheim,Pervez N. Ghauri
Publisher: Emerald Group Publishing
ISBN: 9780080442457
Category: Business & Economics
Page: 510
View: 3341
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The purpose of the volume is to analyze the impact of European Union on inward foreign direct investment in Europe and to discuss what type of effects are being created by this race for FDI. The volume deals with two levels of discussion: First, by looking at the policy issues as addressed by the EU authorities and incentive regimes exercised in single countries by local governments. Second, by looking at company strategies towards location selection and whether there is a trend towards concentration in some countries or regions. Although academically it is still under discussion, most countries believe that inward foreign direct investment is beneficial for local economies. It is considered positive not only for job opportunities but also for tax income, technological development and competitiveness of local firms. Countries thus create different type of incentives for foreign firms, such as; direct incentives/subsidies, tax relief, soft loans and preferred handling. This race for attracting inward FDI has been intensified in the European Union. However, there has hardly been any research to understand the impact of EU on the competition among EU-countries to attract FDI. This volume will investigate whether there is such a race or not and provide evidence from different countries. . - Provides evidence from different countries - Analyzes the impact of EU on the competition among EU-countries to attract FDI

Capital for the Future

Saving and Investment in an Interdependent World
Author: The World Bank
Publisher: World Bank Publications
ISBN: 0821399551
Category: Business & Economics
Page: 168
View: 4612
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The gradual acceleration of growth in developing countries is a defining feature of the past two decades. This acceleration came with major shifts in patterns of investment, saving, and capital flows. This second volume in the Global Development Horizons series analyzes these shifts and explores how they may evolve through 2030. Average domestic saving in developing countries stood at 34 percent of their GDP in 2010, up from 24 percent in 1990, while their investment was around 33 percent of their GDP in 2012, up from 26 percent. These trends in saving and investment, along with higher growth rates in developing countries, have resulted in developing countries’ share of global savings now standing at 46 percent, nearly double the level of the 1990s. The presence of developing countries on the global stage will continue to expand over the next two decades. Analysis in this report projects that by 2030, China will account for 30 percent of global investment activity, far and away the largest share of any single country, while India and Brazil (at 7 percent and 3 percent) will account for shares comparable to those of the United States and Japan (11 percent and 5 percent). The complex interaction among aging, growth, and financial deepening can be expected to result in a world where developing countries will contribute 62 of every 100 dollars of world saving in 2030, up from 45 dollars in 2010, and where they account for between $6.2 trillion and $13 trillion of global gross capital flows, rising from $1.3 trillion in 2010. Trends in investment, saving, and capital flows through 2030 will affect economic conditions from the household level to the global macroeconomic level, with implications not only for national policy makers but also for international institutions and policy coordination. Policymakers preparing for this change will benefit from a better understanding of the unfolding dynamics of global capital and wealth in the future. This book is accompanied by a website, http://www.worldbank.org/CapitalForTheFuture, that includes a host of related electronic resources: data sets underlying the two main scenarios presented in the report, background papers, technical appendixes, interactive widgets with variations to some of the assumptions used in the projections, and related audio and video resources.