Multinational Investment in Developing Countries: A Study of Taxation and Nationalization

ISBN-13: 9780415062190 / Angielski / Twarda / 1991 / 220 str.

Thomas Andersson; T. Andersson;Andersson Thoma

Opis

This study explores the struggle for gains from direct investment between multinationals and developing countries. Its purpose is to explain differences in taxation and nationalization between countries, and to consider how direct investments can best contribute to social welfare worldwide. Using game theory models, and taking into account that the developing countries also compete with each other to attract investors, it is shown that policies which manipulate behaviour do not normally distort direct investments, whilst policies that interfere with ownership do. It also demonstrates that governments that maximize social welfare should not be expected to sacrifice the environment to attract multinationals.

Recenzje

`Thomas Andersson's new book makes important advances in both the theory and policy analysis of multinationals by endogenizing the foreign investment decision, and then by exploiting simple game theory techniques. His work correctly emphasizes that welfare effects depend crucially on the structure of the game which determines whether or not investment actually occurs.' - James R. Markusen, University of Colorado at Boulder

Spis treści

Part I: Introduction 1. Statement of the Issues 2. Theoretical Background Part II: Taxation of MNE-Affi liates 3. Taxation of MNE Affiliates by Competing Host Countries 4. Foreign Exchange versus Pollution Part III: Nationalisation of MNE Affiliates 5. Nationalisation of MNE Affiliates by Competing Host Countries 6. Cross-country Variation in Nationalisation 7. Duration of Nationalisation Part IV: Conclusion and Policy Implications 8. Conclusions

O autorze

Thomas Andersson