We review and bridge the literature on the internationalization of state-owned firms and sovereign wealth funds to provide a novel understanding of how governments’ nonbusiness objectives affect foreign investments. We explain how governments as foreign investors behave differently from...

This paper makes a case that discerning what globalization means for local economic development strategies, structures and policies becomes a formidable governance challenge today. The thesis of this paper rests on the assumption that Local Economic Development (LED) policies as an integral part...