Locational Tournaments in the Context of the EU Competitive Environment A New Institutional Economics Approach to Foreign Direct Investment Policy Competition between Governments in Europe

The last decade has witnessed a dramatic change in attitude towards foreign direct investment (FDI) and a significant increase in competition between governments to attract FDI as a result. These "locational tournaments" are perpetuated not simply by classical factor endowments, but also b...

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Bibliographic Details
Main Author: Dreyhaupt, Stephan
Format: eBook
Language:English
Published: Wiesbaden Deutscher Universitätsverlag 2006, 2006
Edition:1st ed. 2006
Series:ebs-Forschung, Schriftenreihe der EUROPEAN BUSINESS SCHOOL Schloß Reichartshausen
Subjects:
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
Description
Summary:The last decade has witnessed a dramatic change in attitude towards foreign direct investment (FDI) and a significant increase in competition between governments to attract FDI as a result. These "locational tournaments" are perpetuated not simply by classical factor endowments, but also by government interventions that impact both market imperfections and FDI flows. Based on the practical insights and experience gained in his professional work on FDI in developing countries at the World Bank, and using the EU's competition framework as an example, Stephan J. Dreyhaupt analyses whether or not a multilateral system of investment rules can be economically and politically effective. He also examines what constitutes a viable arrangement for inter-jurisdictional and inter-regional FDI governance. The author applies the framework of the New Institutional Economics analysis to the study of FDI competition to buttress the main research contention that FDI policy competition requires adequate institutional choices in order to be effective and efficient
Physical Description:XXI, 305 p online resource
ISBN:9783835091092