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Partisan Investment in the Global Economy

Partisan Investment in the Global Economy

Hardcover

Investing & FinanceGeneral Political Science

ISBN10: 1107019109
ISBN13: 9781107019102
Publisher: Cambridge University Press
Published: Mar 29 2013
Pages: 305
Weight: 1.15
Height: 0.90 Width: 6.10 Depth: 9.10
Language: English
This book develops a partisan theory of foreign direct investment (FDI) to explain cross-country and temporal variance in the regulation of foreign investment and in the amount of FDI inflows that countries receive. The author explores the host governments' partisan alignment, whether pro-labor or pro-capital, to determine if they will be more open or closed to FDI. 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.

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