Foreign direct investment policy, domestic firms, and financial constraints

Volume: 22, Issue: 2, Pages: 279 - 306
Published: Jul 22, 2019
Abstract
The past three decades have witnessed a spectacular evolution in policies toward foreign direct investment (FDI). Whose interests do these policy innovations reflect? While existing theory suggests popular pressure drives openness, I argue reforms occur when shifts in financial access change local economic elites’ policy preferences toward FDI. When large domestic firms no longer have access to cheap credit through political connections,...
Paper Details
Title
Foreign direct investment policy, domestic firms, and financial constraints
Published Date
Jul 22, 2019
Volume
22
Issue
2
Pages
279 - 306
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