The authors argue that FDI by emerging-market firms in advanced economies is motivated not just by "pull" factors, such as the host country's large market or technical talent, but also by "push" factors, such as the home country's weak institutions and reputation. We explain the latter, which we...

Different concerns about FDI by state-owned enterprises require separate policies: national security concerns can be dealt by exclusion of all foreign investors; worries about the opacity of foreign SOEs can be solved via monitoring; and unease about adversarial governments' SOEs can be reduced...