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Books > Social sciences > Politics & government
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Merging Interests - When Domestic Firms Shape FDI Policy (Hardcover)
Loot Price: R2,687
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Merging Interests - When Domestic Firms Shape FDI Policy (Hardcover)
Series: Business and Public Policy
Expected to ship within 10 - 15 working days
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Why do governments open their economies to multinational
enterprises (MNEs)? Some argue democratic forces promote this
openness, but many citizen groups view multinational business with
suspicion. Using quantitative and qualitative analysis, Bauerle
Danzman demonstrates how large domestic firms push to liberalize
foreign direct investment (FDI) policies to ameliorate financing
constraints, often to the detriment of smaller competitors. MNE
entry comes with substantial risks, such as higher labour costs and
increased productivity pressures, so well-connected domestic firms
will prefer to limit access to local markets when the costs of debt
financing are relatively low. However, when local environments make
debt financing increasingly expensive, firms will be more willing
to dismantle restrictive investment policies so that they may
overcome liquidity constraints with equity financing from abroad.
Bauerle Danzman includes comparative analysis of Malaysia and
Indonesia from 1965-2016 to illustrate how governments undertake
investment policy reform, and to indicate the interest groups that
influence the outcomes of these regulatory changes.
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