Overview
Multinational Investment in Developing Countries 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 firms' 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.
Full Product Details
Author: Thomas Andersson
Publisher: Taylor & Francis Ltd
Imprint: Routledge
Dimensions:
Width: 15.20cm
, Height: 2.30cm
, Length: 22.90cm
Weight: 0.521kg
ISBN: 9780415062190
ISBN 10: 0415062195
Pages: 220
Publication Date: 08 August 1991
Audience:
College/higher education
,
General/trade
,
Tertiary & Higher Education
,
General
Format: Hardback
Publisher's Status: Active
Availability: In Print
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Reviews
`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
It is to be commended for the clarity and care with which the quite comlex game-theoretic models and statistical estimation tehcniques used are explained. Overall, the book is a valuable contribution to the literature on its subject, and a fine example of how much can be squeezed out of parsimonious assumptions. <br>- Journal of Developing Areas, 4/93 <br> 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. <br>-James R. Markusen, University of Colorado at Boulder <br>
It is to be commended for the clarity and care with which the quite comlex game-theoretic models and statistical estimation tehcniques used are explained. Overall, the book is a valuable contribution to the literature on its subject, and a fine example of how much can be squeezed out of parsimonious assumptions. - Journal of Developing Areas, 4/93 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
