We examine whether an anticipated reduction in future repatriation taxes affects the amount of cash U.S. multinationals hold overseas. We find that the expected benefits of a repatriation tax reduction are positively associated with accelerated accumulations of global cash holdings once Congress...

Based on U.S. data, the returns on foreign direct investment in emerging markets are shown to be substantially higher than would be suggested by official balance of payments statistics. This paper identifies the determinants of FDI profitability in 43 industrialized and developing countries....

This article reviews over 50 recent Chinese policies designated to develop China's “strategic emerging industries” (SEIs), and conducts interviews with foreign firms and Chinese government officials to identify the most significant threats and opportunities for foreign innovators in these...

1. China and its New Position in the World Economy -- 2.China's Economic Growth and its Main Sources -- 3. The Growing Importance of China in Global Trade -- 4. FDI as a Driving Force of China's Expansion -- 5. The Importance of the Energy Sector in China's Growth Strategy -- Quo Vadis China