Partisan investment in the global economy
Subtitle: why the left loves foreign direct investment and FDI loves the left
By: Pablo M. Pinto
Publisher: Cambridge University Press
Published: 2013
Place of publication: Cambridge; New York
Language: eng
Number of pages: 288
ISBN-13: 9781107019102; 9781107617360
Subjects: BUSINESS & ECONOMICS / Finance; Foreign Investments; Right and left (Political science)
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"--

"The territorial state which dominated the industrial era is increasingly becoming obsolete, and is gradually being replaced by new forms of global governance (Ohmae, 1995; Strange, 1996, 1998; Rosecrance, 1999). Moreover, the pressure from global markets have blurred the ideological differences among political parties not only among developed countries, but particularly in the developing world: to stay competitive in the global marketplace governments of the left and the right alike have become fanatical advocates of the neo-liberal cause (see, among others, Edwards (1995); Williamson (1990); Garrett (2000)). The conclusion is that when dealing with global market forces politics does not matter any more, if it ever did. On the opposing side of the debate we find claims that the incentives and constraints created by global economic forces lead to policy divergence rather than convergence (Tiebout, 1956; Vogel, 1996; Berger and Dore, 1996; Kahler, 1998; Kahler and Lake, 2003). The patterns of divergence are systematic: they depend as much on the preferences of the actors as they react to the constraints and opportunities created by global forces (Cameron, 1978; Rodrik, 1997). Scholars ascribing to this tradition argue that governments have ample room to maneuver, and make policy choices that are a clear reflection of their types (Swank, 1998; Hall and Soskice, 2001; Garrett and Mitchell, 2001; Swank and Steinmo, 2002). The heated debate on the consequences of globalization, present in politics, journalism and academia, is far from settled. Changes in global production spearheaded by multinational corporations are a central characteristic of the current era of globalization (Bordo et al., 1999)"--
Notes: Includes bibliographical references and index.
Table of contents: title: Machine generated contents note: 1. FDI and coalitions; 2. The politics of investment; 3. Partisanship and commitment; 4. Cross-country analysis; 5. FDI in Argentina; 6. Business influence and FDI; 7. Conclusion.