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We study the incentives to expropriate foreign capital under democracy and oligarchy. We model a two-sector small open … investments are undertaken and the structural features of the economy such as factor intensity. We characterize expropriation …
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of openness to foreign trade, technologies and capital flows to growth and on the importance of participatory democracy …
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What makes a country attractive to foreign investors? To what extent do conditions of governance and politics matter? This book provides the most systematic exploration to date of these crucial questions at the nexus of politics and economics. Using quantitative data and interviews with...
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