What do state-owned enterprises (SOEs) do? How do they respond to market incentives? Can we expect substantial efficiency gains from trade liberalization in economies with a strong presence of SOEs? Using a new dataset of Vietnamese firms we document a set of empirical regularities...

Intro -- Contents -- Preface and Acknowledgments -- 1. Introduction: Multinational Corporations and Governments -- 2. Democracy and the Political Risk of Expropriation for International Business -- 3. Institutional Determinants of Foreign Direct Investment in the Developing World -- 4. Partisan...

Despite broad skepticism about the benefits of globalization, the majority of U.S. states have offered lucrative tax incentives to attract investment. The size of these incentives is generally considered too large to be welfare enhancing, and many economists are skeptical of the effectiveness of...

Previous empirical analysis has noted a correlation between Foreign Direct Investment (FDI) and economic reform in Eastern Europe and the Former Soviet Union, but has attributed the relationship to investors rewarding countries after reform decisions. Little attention has been paid to the fact...