This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...

Government-controlled investors, including state-owned enterprises and sovereign wealth funds, have greatly expanded their international activities in recent years. This paper describes the existing policy landscape of international investments by government-controlled investors under both...

Objective: The objective of the article is to assess why some zone managing companies (ZMCs) are more successful in developing their special economic zones (SEZs) than others. In almost every part of Poland, there are winners and losers among SEZs. It suggests that the advantage of having a...

Global flows of foreign direct investment (FDI) have slowed down in recent years, which particularly affected developed countries, including those in the European Un- ion (EU). A general decrease in capital circulation in the form of FDI between the EU and the rest of the world has been...