Policy Competition for Foreign Direct Investment : A study of Competition among Governments to Attract FDI / Charles P. Oman

Format:

Book

Government document

Author/Creator:

Oman, Charles P..

Series:

Development Centre Studies, 19900295.

Language:

English

Subjects (All):

Investments, Foreign.

Investments, Foreign--Government policy.

Physical Description:

1 online resource (132 pages)

Place of Publication:

Paris : OECD Publishing, 2000.

Language Note:

English

Summary:

Competition for foreign direct investment has been neglected as a subject of research. Yet many claim that such competition is having deleterious effects, such as lowering governments’ standards of protection of the environment and workers’ rights.This book looks at the evidence and assesses the impact of competition among governments to attract FDI. It finds little evidence directly to support fears of a "global race to the bottom" in labour and environmental standards. The widespread use of investment incentives, however, in OECD and developing countries alike, tends to be bad for government transparency and accountability. This is highly detrimental both to economic policy making and to the construction of democratic institutions in developing countries. The author proposes a shift away from incentive-based policies for attracting FDI towards a rules-based approach on both a national and international level.

Contents:

Labour Standards and Export-processing ZonesMore Effective Rules-based Policies to Attract FDI; Regional Integration Agreements; Privatisation and the Need for Competition Policy; Accountability and Rules-based Governance; Chapter 4 Conclusions; Is the Competition Intensifying?; The Effects of Policy Competition; Effects on Investment Decisions; Effects on Policy Making; Economic Effects; Positive-sum Game or Negative-sum Game?; Policy Implications; Summing Up; Bibliography

ISBN:

1-280-03071-2

9786610030712

92-64-18108-3

OCLC:

700683219