Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between …

This chapter provides a broad overview of the upward trends in financial globalization and foreign direct investment … and asks whether and how financial globalization is linked with the foreign direct investment decisions of non … financial globalization provides a reduction in broadly defined transaction costs which can boost both trade and foreign direct …

-cooperative world. It is shown that the international tax systemgenerally leads to distortions in the capitaldecisions of multinational …