GOVERNANCE AND FOREIGN INVESTMENT IN CHINA, INDIA AND TAIWAN by Zheng Yu ( 9780472119042 )

Item Details

Title:

GOVERNANCE AND FOREIGN INVESTMENT IN CHINA, INDIA AND TAIWAN
CREDIBILITY, FLEXIBILITY AND INTERNATIONAL BUSINESS

By:

Zheng Yu

Format:

Hardback

List price:

£64.00

Our price:

£62.08

Discount:

3% off

You save:

£1.92

ISBN 10:

0472119044

ISBN 13:

9780472119042

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Publisher:

THE UNIVERSITY OF MICHIGAN PRESS

Pub. date:

20 January, 2014

Series:

Michigan Studies in International Political Economy

Pages:

264

Description:

The type of government and the interplay of macro- and microlevel political institutions affect a country's ability to attract foreign investment

Synopsis:

Yu Zheng challenges the idea that democracy is the prerequisite for developing countries to attract foreign direct investment (FDI) and promote economic growth. He examines the relationship between political institutions and FDI through the use of cross-national analysis and case studies of three rapidly growing Asian economies with a focus on the role of microinstitutional "special economic zones" (SEZ). China's authoritarian system allows for bold, radical economic reform, but China has attracted FDI largely because of its increasingly credible investment environment as well as its central and local governments' efforts to overcome constraints on investment. India's democratic institutions provide more political insurance to foreign investors, but its market became conducive to FDI only when the government adopted more flexible investment policies. Taiwan's democratic transition shifted its balance of policy credibility and flexibility, which was essential for the nation's economic takeoff and sustained growth.Zheng concludes that a more accurate understanding of the relationship between political institutions and FDI comes from careful analysis of institutional arrangements that entail a trade-off between credibility and flexibility of governance.

Illustrations:

26 tables, 8 figures

Publication:

Imprint:

The University of Michigan Press

Returns:

Returnable

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MANAGING HUMAN RESOURCES IN CHINA

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