Governance and foreign investment in China, India, and Taiwan : credibility, flexibility, and international business
Author(s)
Bibliographic Information
Governance and foreign investment in China, India, and Taiwan : credibility, flexibility, and international business
（Michigan studies in international political economy）
University of Michigan Press, c2014
- : [hbk.]
Available at / 5 libraries
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Graduate School of Asian and African Area Studies, Kyoto Universityグローバル専攻
: [hbk.]COE-SA200031073865
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National Graduate Institute for Policy Studies Library (GRIPS Library)
: [hbk.]338.922||Z301338683
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Library, Institute of Developing Economies, Japan External Trade Organization図
: [hbk.]AA||332.46||G518580290
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Note
Includes bibliographical references (p. 217-244) and index
Description and Table of Contents
Description
Yu Zheng challenges the idea that democracy is the prerequisite for developing countries to attract foreign direct investment (FDI) and promote economic growth. He examines the relationship between political institutions and FDI through the use of cross-national analysis and case studies of three rapidly growing Asian economies with a focus on the role of microinstitutional "special economic zones" (SEZ). China's authoritarian system allows for bold, radical economic reform, but China has attracted FDI largely because of its increasingly credible investment environment as well as its central and local governments' efforts to overcome constraints on investment. India's democratic institutions provide more political insurance to foreign investors, but its market became conducive to FDI only when the government adopted more flexible investment policies. Taiwan's democratic transition shifted its balance of policy credibility and flexibility, which was essential for the nation's economic takeoff and sustained growth. Zheng concludes that a more accurate understanding of the relationship between political institutions and FDI comes from careful analysis of institutional arrangements that entail a trade-off between credibility and flexibility of governance.
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