Preferential trade agreements have been criticised for not increasing economic welfare relative to the status quo. In this article, we suggest that even if this is the case, they offer a reasonable form of insurance against possible adverse trade or investment policies in the future. In...

This paper provides an overview of the different kinds of distance-related barriers related to crossborder investment. Expanding the economic footprint of the firm comes at the cost of a corresponding increase in the complexity of coordination. Different forms of governance, whether inside the...

Worldwide statutory company tax rates have been declining. The choice of Australia’s statutory company tax rate is a balancing act, as Australia’s company income tax system has two basic roles. The first, to tax the income of Australian residents, is not affected directly by the...

Investment in many East Asian economies fell dramatically following the Asian financial crisis and has remained relatively weak since then. This is despite improved economic conditions and strong underlying investment needs typical for developing economies.

This article looks at the investment chapter of the Australia-United States Free Trade Agreement (AUSFTA) and discusses the bilateral investment relationship, the AUSFTA negotiating process and the investment policy outcomes. The article concludes that the investment chapter in AUSFTA will be an...

When capital is sunk after it is invested, a host government facing heterogeneous foreign investors has a strong incentive to reduce preferential taxes over time in order to attract less eager investors while fully expropriating past investors. This induces investors to wait rather than invest...

Recent strong commodity prices have led to increased investor interest in farmland. Global analysis indicates that suitable land to bring into cultivation is available but concentrated in a limited number of land-abundant countries in Africa, Latin America, and Southeast Asia. In a much larger...

This paper aims to identify the relationship between foreign direct investment and the investment environment. The major investment environment variables are highlighted, the strength and correlation between them. The scientific approach highlights the main motivations of international companies...

Both international and domestic developments have combined to bring the corporate governance (CG) debate to the fore in Turkey. Given this increased interest in CG matters and the significance of Turkey as an emerging market, we provide an overview of the Turkish CG framework with two objectives...