The shield of nationality : when governments break contracts with foreign firms / Rachel Wellhausen, University of Texas, Austin.

Format:

Book

Author/Creator:

Wellhausen, Rachel L., author.

Language:

English

Subjects (All):

Public contracts--Developing countries.

Public contracts.

Business enterprises, Foreign--Government policy--Developing countries.

Business enterprises, Foreign.

International business enterprises--Developing countries.

International business enterprises.

Investments, Foreign--Developing countries.

Investments, Foreign.

Developing countries--Commercial treaties.

Developing countries.

Developing countries--Commercial policy.

Physical Description:

1 online resource (xiii, 271 pages) : digital, PDF file(s).

Place of Publication:

Cambridge : Cambridge University Press, 2015.

Language Note:

English

Summary:

There is extraordinary variation in how governments treat multinational corporations in emerging economies; in fact, governments around the world have nationalized or eaten away at the value of foreign-owned property in violation of international treaties. This even occurs in poor countries, where governments are expected to, at a minimum, respect the contracts they make with foreign firms lest foreign capital flee. In The Shield of Nationality, Rachel Wellhausen introduces foreign-firm nationality as a key determinant of firms' responses to government breaches of contract. Firms of the same nationality are likely to see a compatriot's broken contract as a forewarning of their own problems, leading them to take flight or fight. In contrast, firms of other nationalities are likely to meet the broken contract with apparent indifference. Evidence includes quantitative analysis and case studies that draw on field research in Ukraine, Moldova, and Romania.

Contents:

Nationality and leverage in a globalized world

When governments break contracts

National diversity and contract sanctity

Explaining breach around the world: quantitative tests

Foreign firms and their diplomats in Ukraine

Moldovan deterrence versus Romanian gold

Investor-government relations in history

When national diversity erodes property rights.

Notes:

Title from publisher's bibliographic system (viewed on 08 Oct 2015).

Includes bibliographical references and index.

ISBN:

1-316-12076-7

1-316-12185-2

1-316-13275-7

1-316-13057-6

1-107-44316-4

1-316-12839-3

1-316-01454-1

1-316-13166-1

1-316-12948-9