Escape FDI and the dynamics of a cumulative process of institutional misalignment and contestation: Stress, strain and failure
Abstract
We argue that escape foreign direct investment (FDI) happens when unknown future “rules of the game” cause concern about the continued productive capacity of the economy. Adapting the stress-strain-fail model of materials failure, we argue that escape FDI is a process with three cumulative phases. Conditions for escape FDI (stress) are created by institutional deterioration and contained contestation. Limited escape FDI (strain) results from...
Paper Details
Title
Escape FDI and the dynamics of a cumulative process of institutional misalignment and contestation: Stress, strain and failure
Published Date
Nov 1, 2018
Journal
Volume
53
Issue
5
Pages
605 - 619
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