Intro -- Table of contents -- Preface -- Part I. Introduction -- 1. Multinational corporations and local firms in emerging economies: An introduction / Eric Rugraff and Michael W. Hansen -- Part II. Studies of spillovers and linkages between multinational corporations and local firms -- 2. The...

This paper models a multilateral agreement on investment (MAI) as a coordination device. Multinational enterprises can invest in any number of countries. Without a multilateral investment agreement, expropriation triggers an investment stop by the single MNE. Under a multilateral agreement,...