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Foreign Firms, Investment, and Environmental Regulation in the People's Republic of China (Hardcover)
Loot Price: R1,964
Discovery Miles 19 640
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Foreign Firms, Investment, and Environmental Regulation in the People's Republic of China (Hardcover)
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This new book takes as its focus a simple yet critical question:
Does foreign direct investment lead to weakened environmental
regulation, thereby turning developing countries into "pollution
havens"? The debate over this question has never before been the
focus of a book about China. Phillip Stalley examines the
development of Chinese law governing the environmental impact of
foreign investors, describes how regional competition for
investment has influenced environmental regulation, and analyzes
the environmental practices of foreign and Chinese companies. He
finds only modest evidence that integration with the global economy
has transformed China into a pollution haven. Indeed, after China
opened its domestic market, the entry of foreign films largely
strengthened the environmental protection regime, including the
oversight of foreign firms' environmental practices. Nevertheless,
foreign firms (and the competition to lure them) have posed new
challenges to controlling industrial pollution. Stalley identifies
the conditions under which foreign investment contributes to and
undermines environmental protection, offering readers a solid
understanding of China's environmental challenges. He also builds
on existing theory and provides hypotheses that can be tested with
other developing nations.
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