For decades, free trade was advocated as the vehicle for peace, prosperity, and democracy in an increasingly globalized market. More recently, the proliferation of foreign direct investment has raised questions about its impact upon local economies and politics. Here, seven scholars bring together their wide-ranging expertise to investigate the factors that determine the attractiveness of a locale to investors and the extent of their political power. Multinational corporations prefer to invest where legal and political institutions support the rule of law, protections for property rights, and democratic processes. Corporate influence on local institutions, in turn, depends upon the relative power of other players and the types of policies at issue.
- ISBN13 9780472071760
- Publish Date 18 September 2012 (first published 1 January 2012)
- Publish Status Active
- Publish Country US
- Imprint The University of Michigan Press
- Format Hardcover
- Pages 224
- Language English