Merging Interests: When Domestic Firms Shape FDI Policy

ISBN-13: 9781108494144 / Angielski / Twarda / 2019 / 348 str.

Sarah Bauerle Danzman

Opis

Demonstrates how large domestic firms push to liberalize foreign direct investment policies to ameliorate financing constraints, often to the detriment of others.

Recenzje

'Sarah Bauerle Danzman deftly navigates the complexities of corporate finance to explain why large domestic firms, typically wary of FDI, welcome these investments when they lose preferential access to capital. In contrast to labor-centric accounts of FDI liberalization, she anchors the political economy of FDI policy to broader macroeconomic conditions that make firms support greater FDI openness. Her account offers valuable new insights on the politics of FDI regulation, and on how firms adapt to global economic integration.' Sonal S. Pandya, University of Virginia

Spis treści

1. Introduction; 2. Describing FDI policy through time and space; 3. Financing constraints and liberalized entry; 4. Quantitative tests: financing constraints and liberalization; 5. Quantitative tests: firm and industry level evidence; 6. Comparing Malaysia and Indonesia, 1965–1997; 7. Crisis, reform and policy divergence: Malaysia and Indonesia, 1997–2013; 8. Implications of elite-driven integration.