Global Corporations and National Government / Edition 1

Global Corporations and National Government / Edition 1

by Edward M. Graham
     
 

ISBN-10: 0881321117

ISBN-13: 9780881321111

Pub. Date: 01/28/1996

Publisher: Peterson Institute for International Economics

There is inherent tension between the increasingly global focus of companies and the continuing national focus of government.

There is extensive competition among countries to attract investment from multinational corporations and widespread use of performance requirements to tilt the impact of those investments in favor of those countries. There is also great

Overview

There is inherent tension between the increasingly global focus of companies and the continuing national focus of government.

There is extensive competition among countries to attract investment from multinational corporations and widespread use of performance requirements to tilt the impact of those investments in favor of those countries. There is also great concern in the home countries of such corporations that they be accorded fair and reciprocal treatment abroad. These issues and their related economic effects have become a source of conflict among nations that could escalate considerably in the future if major efforts are not made to head them off.

Graham's study analyzes the nature and depth of these international investment problems and their potential impact both on the world economy and on economic relations among nations. The effects on both companies and governments are assessed. The contribution of previous bilateral and multilateral agreements is considered. The author concludes that there is a strong need for enlarging and restructuring the current foreign direct investment regime by implementing new international rules and institutional arrangements. Graham offers two specific alternatives, outlining the questions and issues that the world community must decide prior to the 1996 ministerial meeting of the World Trade Organization (WTO) in Singapore.

Product Details

ISBN-13:
9780881321111
Publisher:
Peterson Institute for International Economics
Publication date:
01/28/1996
Edition description:
New Edition
Pages:
168
Product dimensions:
6.10(w) x 9.03(h) x 0.38(d)

Table of Contents

Prefacevii
Acknowledgmentsx
1Introduction1
2Recent Trends in the Globalization of Business9
FDI and Trade13
FDI and R&D14
National Comparisons15
Changes in Policies Toward FDI19
Predicting Which Way FDI Will Flow22
Globalization in Historical Perspective24
Regionalism and the Global Firm29
3Why Does Business Globalize?33
What Is a Global Firm?33
Impacts of National Policy on Globalization41
Implications of the Clash between Government and Global Business45
4Toward New Rules on International Investment47
An Accord on FDI48
Ancillary Codes61
Conclusion67
5Postwar Efforts at Rule Making69
Multilateral Efforts to Create FDI Rules70
Regional Approaches to FDI80
Bilateral Treaties87
Changing Positions of Major Home and Host Nations88
Conclusion100
6Negotiating and Implementing an Investment Accord101
Finding the Right Forum101
The World Trade Organization102
Organization for Economic Cooperation and Development104
Regional Arrangements Other than the OECD115
Where Do We Go from Here?117
Conclusions118
Appendices
AForeign Direct Investment and Technological Spillovers in the Developing Nations123
BA Game Theoretic Approach to Sanctions131
References135
Index143

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