Investment Incentives and the Global Competition for Capital

Author: K. Thomas
Publisher: Springer
ISBN: 0230302394
Category: Political Science
Page: 201
View: 576
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.

Rethinking Investment Incentives

Trends and Policy Options
Author: Ana Teresa Tavares-Lehmann,Lise Johnson,Perrine Toledano,Lisa Sachs
Publisher: Columbia University Press
ISBN: 0231541643
Category: Business & Economics
Page: 368
View: 3139
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.

Reining in the Competition for Capital

Author: Ann R. Markusen
Publisher: W.E. Upjohn Institute
ISBN: 0880992964
Category: Business & Economics
Page: 215
View: 5004

The Future of Productivity

Author: OECD
Publisher: OECD Publishing
ISBN: 9264248536
Page: 120
View: 4332
This book addresses the rising productivity gap between the global frontier and other firms, and identifies a number of structural impediments constraining business start-ups, knowledge diffusion and resource allocation (such as barriers to up-scaling and relatively high rates of skill mismatch).

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: 1959
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,, 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.

Causes, Benefits, and Risks of Business Tax Incentives

Author: Mr. Alexander Klemm
Publisher: International Monetary Fund
ISBN: 1451916043
Category: Business & Economics
Page: 29
View: 2924
This paper provides an updated overview of tax incentives for business investment. It begins by noting that tax competition is likely to be a major force driving countries'' tax reforms, and discusses tax incentives as a possible response to this. This is complemented by other arguments for and against tax incentives, and by an illustrative analysis of different incentives using effective tax rates. Findings from the empirical literature on tax incentives are also presented. Based on the overview of theoretical and empirical findings, the paper then suggests a matrix of criteria to determine the usefulness of different tax incentives depending on a country''s circumstances.

The Challenges of Tax Reform in a Global Economy

Author: James Alm,Jorge Martinez-Vazquez,Mark Rider
Publisher: Springer Science & Business Media
ISBN: 9780387299129
Category: Business & Economics
Page: 474
View: 306
This book presents 15 original papers and commentaries by a distinguished group of tax policy and tax administration experts. Using international examples, they highlight the state of knowledge of tax reform, present new thinking about the issue, and analyze useful policy options. The book’s general goal is to examine the current and emerging challenges facing tax reformers and to assess possible directions future reforms are likely to take. More specific themes include distributional issues, how to tax capital income, how to design specific taxes (e.g., the income tax, the value-added tax, the property tax), how to consider the politics and administrative aspects of tax reform, and how to combine the separate insights into comprehensive tax reform.

India's Textile and Apparel Industry: Growth Potential and Trade and Investment Opportunities, Staff Research Study #27

Author: N.A
Publisher: DIANE Publishing
ISBN: 1457822881
Page: N.A
View: 9252

ASEAN and the EC

The Impact of 1992
Author: Norbert Wagner
Publisher: Institute of Southeast Asian Studies
ISBN: 9789813035706
Category: ASEAN countries
Page: 344
View: 2244
"Papers presented at a workshop held on 17-20 October 1989 in Singapore" -- t.p. verso.

Industrial Restructuring and Adjustment for ASEAN-Japan Investment and Trade Expansion

An Overview
Author: Ryōkichi Hirono
Publisher: Institute of Southeast Asian
ISBN: 9971988577
Category: ASEAN
Page: 115
View: 7320

Non-State Actors and Authority in the Global System

Author: Andreas Bieler,Richard Higgott,Geoffrey Underhill
Publisher: Routledge
ISBN: 1134599315
Category: Political Science
Page: 320
View: 4296
Traditionally in International Relations, power and authority were considered to rest with states. But recently, in the light of changes associated with globalisation, this has come under scrutiny both empirically and theoretically. This book analyses the continuing but changing role of states in the international arena, and their relationships with a wide range of non-state actors, which possess increasingly salient capabilities to structure global politics and economics.

The Global Information Infrastructure

Agenda for Cooperation
Author: Albert Gore,Ronald H. Brown
Publisher: DIANE Publishing
ISBN: 9780788131844
Page: 49
View: 7104
Provides perspective on how to build and maintain the Global Information Infrastructure (GII). Discusses what the critical foundation should be and how to encourage the use of the GII. Identifies the areas in which governments can take independent action or with the cooperation of others, can work constructively to facilitate the development of the GII. Enunciates five basic principles: encourage private investment, promote competition, provide open access, create a flexible regulatory environment, and ensure universal service. GII key contacts.

The New Competition for Inward Investment

Companies, Institutions and Territorial Development
Author: Nicholas A. Phelps,Philip Raines
Publisher: Edward Elgar Publishing
ISBN: 9781781956984
Category: Business & Economics
Page: 231
View: 2463
"The competition for inward investment among regions and within and between nations is intense, and the promotional agencies concerned are increasingly innovative in their competitive strategies. This book examines the new competition for inward investment"

Globalising Worlds and New Economic Configurations

Author: Christine Tamásy,Michael Taylor
Publisher: Ashgate Publishing, Ltd.
ISBN: 9780754673774
Category: Science
Page: 312
View: 4837
This edited volume brings together theoretically-informed analysis from Asia, Europe and North America to illustrate the way in which new economic configurations have been developed and to understand individual, local and regional responses to a variety of global challenges, threats and opportunities.

State Institutions, Private Incentives, Global Capital

Author: Andrew Carl Sobel
Publisher: University of Michigan Press
ISBN: 9780472088737
Category: Business & Economics
Page: 287
View: 2501
Considers why some countries are more successful than others in attracting international investment

Sovereign Wealth Funds and Long-Term Investing

Author: Patrick Bolton,Frederic Samama,Joseph E. Stiglitz
Publisher: Columbia University Press
ISBN: 0231530285
Category: Business & Economics
Page: 288
View: 9581
Sovereign wealth funds (SWFs) are state-owned investment funds with combined asset holdings that are fast approaching four trillion dollars. Recently emerging as a major force in global financial markets, SWFs have other distinctive features besides their state-owned status: they are mainly located in developing countries and are intimately tied to energy and commodities exports, and they carry virtually no liabilities and have little redemption risk, which allows them to take a longer-term investment outlook than most other institutional investors. Edited by a Nobel laureate, a respected academic at the Columbia Business School, and a longtime international banker and asset manager, this volume examines the specificities of SWFs in greater detail and discusses the implications of their growing presence for the world economy. Based on essays delivered in 2011 at a major conference on SWFs held at Columbia University, this volume discusses the objectives and performance of SWFs, as well as their benchmarks and governance. What are the opportunities for SWFs as long-term investments? How do they fulfill their socially responsible mission? And what role can SWFs play in fostering sustainable development and greater global financial stability? These are some of the crucial questions addressed in this one-of-a-kind volume.

Currency Convertibility and the Transformation of Centrally Planned Economies

Author: Joshua E. Greene,Peter Isard
Publisher: International Monetary Fund
ISBN: 9781557752147
Category: Business & Economics
Page: 25
View: 4343
This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems.

Internationalization of the Economy and Environmental Policy Options

Author: Paul J.J. Welfens
Publisher: Springer Science & Business Media
ISBN: 9783540421740
Category: Political Science
Page: 442
View: 805
Internationalization of the economy accelerated at the turn of the century. Growing national, regional, and global environmental problems associated with globalization present new challenges for policy-makers and international cooperation. Crucial problems concern air pollution, environmental problems from trade and transportation, and global warming. This book, based on theoretical and empirical analysis, comes up with new and innovative policy options, including proposals related to the Kyoto protocol.

Private Capital Flows and Development

The Role of National and International Polices
Author: Gerald K. Helleiner,Commonwealth Secretariat
Publisher: Commonwealth Secretariat
ISBN: 9780850925395
Category: Capital movements
Page: 40
View: 5344
This paper considers the new forms and roles of private capital flows to developing countries in the 1990s and appropriate national and international policy responses to the problems and possibilities they create. Section 2 describes the growth of these flows in the 1990s, their role in development and some of their effects in recipient countries. Section 3 considers alternate capital account policies for developing countries. In section 4 the possibility of improved international arrangements is considered. Section 5 contains recommendations from the previous analysis.

Reforming the Global Financial Architecture

Author: N.A
Publisher: DIANE Publishing
ISBN: 1428967842
Page: N.A
View: 1664