Taking a Page from Tyler Cowen….

by Don Boudreaux on September 27, 2006

in Regulation, Trade

The most encouraging passage I’ve read today:

Beyond investment promotion, countries have also taken bold steps in the liberalization of investment regimes, allowing for further penetration of multinationals into domestic markets.  The United Nations documented 1,035 worldwide changes in laws governing FDI [foreign direct investment] from 1991 to 1999, where 94 percent of these created a more favorable environment for multinationals [emphasis added].

From Nathan M. Jensen, Nation-States and the Multinational Corporation: A Political Economy of Foreign Direct Investment (Princeton University Press, 2006), page 35.

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Don September 27, 2006 at 4:02 pm

Indeed welcome but with the galloping expropriation of foreign company assets in places like Venezuela, Bolivia, and Russia I not sure we are netting out as favorably as this would indicate.

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