Political risk and the institutional environment for foreign direct investment in Latin America : an empirical analysis with a case study on Mexico / / Jörg Stosberg

• Record Nr.: UNINA9910297040003321
• Autore: Stosberg Jörg
• Pubbl/distr/stampa: Bern, : Peter Lang International Academic Publishing Group, 2018; Frankfurt am Main, Germany : , : Peter Lang, , 2005
• ISBN: 3-631-75364-0
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (342)
• Collana: Göttingen Studies in Development Economics ; ; Volume 15
• Disciplina: 332.673098
• Soggetti: Investments, Foreign - Latin America; Investments, Foreign - Mexico
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Nota di contenuto: Cover -- List of Figures -- List of Tables -- List of Abbreviations -- List of Variables -- 1 Introduction -- 1.1 The Problem -- 1.2 Concept and Methodology -- 2. Risk in the Theory of Investment -- 2.1 General Theory of Investment -- 2.1.1 Basic Theory of Investment -- 2.1.1.1 Definition and Categories of Investment -- 2.1.1.2 Opportunity Costs, Time Preference and Net Present Value Approach -- 2.1.2 Models of Investment under Certainty -- 2.1.2.1 Overview -- 2.1.2.2 The q-theory of Tobin -- 2.1.2.2.1 The Basic Model -- 2.1.2.2.2 The Romer Model -- 2.1.2.2.2.1 The Model -- 2.1.2.2.2.2 Analyzing the Model -- 2.1.2.3 Critical Evaluation of the Models -- 2.1.3 Investment under Uncertainty -- 2.1.3.1 Overview -- 2.1.3.2 Characteristics of Uncertainty and Risk -- 2.1.3.3 Uncertainty in the Romer Model -- 2.1.3.3.1 Modification of the Model -- 2.1.3.3.2 Effects of Uncertainty on Reversible Investments -- 2.1.3.3.3 Effects of Uncertainty on Irreversible Investment -- 2.1.3.4 The Dixit/Pindyck Model -- 2.1.3.4.1 Overview -- 2.1.3.4.2 The Model -- 2.1.3.4.3 Analyzing the Model -- 2.1.3.5 Critical Evaluation of the Models -- 2.1.4 Summary of Propositions -- 2.2 Theory of International Investment -- 2.2.1 Overview -- 2.2.2 Definition and Characteristics of FDI -- 2.2.3 Theoretical Determinants of FDI -- 2.2.3.1 Overview -- 2.2.3.2 The Eclectic Paradigm as Analytical Framework -- 2.2.4 Empirical Studies of ; Aggregate FDI -- 2.2.4.1 Overview -- 2.2.4.2 Empirical Determinants of FDI -- 2.2.5 Political Risk and International Investment -- 2.2.5.1 Definition of Political Risk -- 2.2.5.2 Categories of Political Risk and Anecdotal Evidence -- 2.2.5.3 Modeling Political Risks for International investors -- 2.2.5.3.1 Existing Models of Political Risks -- 2.2.5.3.2 Implications of General Investment Models -- 2.2.5.4 Empirical Evidence -- 2.3 Concluding Remarks.; 2.4 Chapter Summary -- 3. Political Risk and National Institutions -- 3.1 Political Institutions and Economic Performance -- 3.1.1 Overview -- 3.1.2 The Analytical Framework -- 3.1.2.1 Theoretical Foundations -- 3.1.2.2 Property Rights -- 3.1.2.3 The Concept of Credible Commitment -- 3.1.2.4 Rule of Law -- 3.1.2.5 Discretionary Freedom of the Government -- 3.1.2.6 The Concept of Social Capital -- 3.1.3 Political Regime Type and FDI -- 3.1.3.1 Systematic Order Of Political Regimes -- 3.1.3.2 Economic Analysis of Political Regimes -- 3.2. Modeling the Emergence of Political Risks -- 3.2.1 Classical Political Risk Models -- 3.2.2 The Political Constraints Model -- 3.2.3 The Effective Party Approach -- 3.2.4 Synthesis and Hypothesis -- 3.3 Empirical Measures of Political Risks -- 3.3.1 Overview -- 3.3.2 The International Country Risk Guide (ICRG) -- 3.3.3 The POLCON-Index -- 3.3.4 Critical Evaluations of the Indices -- 3.4 Mitigating Political Risk -- 3.4.1 Overview -- 3.4.2 National Mitigation Strategies -- 3.4.2.1 Investment Incentives, Social Standards and Environmental Legislation -- 3.4.2.2 Macroeconomic Stability -- 3.4.2.3 Accountability, Transparency and Rules-Based Governance -- 3.4.3 International Strategies -- 3.4.3.1 Multilateral Agreements -- 3.4.3.2 Bilateral Agreements and Regional Integration -- 3.5 Conclusion -- 3.6 Chapter Summary -- 4. Political Risk and FDI in Latin America -- 4.1 Stylized Facts on Foreign Investment in Latin America -- 4.2 Empirical Investigation of the Impact of Political Risk on FDI -- 4.2.1 Methodology -- 4.2.2 Model Specification -- 4.2.3 Data Issues -- 4.2.4 Results -- 4.3 Conclusions -- 4.4 Chapter Summary -- 5. Political Risk and FDI in Mexico -- 5.1 Politics in Mexico -- 5.1.1 Stylized Facts of Mexican Political History -- 5.1.2 The Current Political System in Mexico -- 5.1.2.1 Overview.; 5.1.2.2 The Executive Branch of Government -- 5.1.2.3 The Legislative Branch of Government -- 5.1.2.4 The National Judiciary -- 5.1.2.5 The Political Parties -- 5.1.2.6 The Federalist System -- 5.1.2.7 Freedom of Speech, Press and Media -- 5.2 Foreign Capital Flows to Mexico -- 5.2.1 Brief Economic History -- 5.2.1.1 Overview -- 5.2.1.2 The Reform Period 1982-today -- 5.2.2 The Evolution of Foreign Investment to Mexico -- 5.2.2.1 The Mexican Foreign Investment Legislation -- 5.2.2.1.1 The Evolution of the National FDI Legislation -- 5.2.2.1.2 Investment Legislation of NAFTA and other Bilateral Agreements -- 5.2.2.2 Mexican Foreign Investment Policy and Inflows of FDI to Mexico -- 5.2.2.3 The Structure and Geographical Origins of FDI to Mexico -- 5.3 Political Risk in Mexico -- 5.3.1 Overview -- 5.3.2 The Macroeconomic Environment -- 5.3.3 Mexican Institutions and Risk -- 5.3.3.1 Government Stability, Political Constraints and Regime Type -- 5.3.3.2 Rule Of Law -- 5.3.3.3 Corruption -- 5.3.3.4 Protection of Property Rights -- 5.3.4 Societal Factors of Risk -- 5.3.4.1 Overview -- 5.3.4.2 Ethnic, Religious and other Internal Conflicts -- 5.3.4.3 Governmental Legitimacy in Mexico -- 5.3.5 Aggregate Political Risk in Mexico -- 5.4 Risk Mitigation Strategies in Mexico -- 5.4.1 National Risk Mitigation Strategies -- 5.4.1.1 Investment Enhancement by Incentives -- 5.4.1.2 The Beauty Contest -- 5.4.2 The International Risk Mitigation Strategy -- 5.5 Conclusion -- 5.6 Chapter Summary -- 6. Conclusion and Outlook -- Annex I -- Annex II -- References.
• Sommario/riassunto: The intensification of capital flows is an important characteristic of globalization. Attracting foreign direct investment is a viable way of ensuring the external financing of developing countries. Foreign direct investment flows, in turn, are determined by the decisions of multinational enterprises. One important determinant of investment decisions is the political environment of potential host countries. Political risks like expropriations, riots, revolutions or civil wars are important obstacles for investment. This book empirically analyzes the impact of political risks on foreign direct investment flows to Latin American countries. A case study of Mexico and its policy towards foreign investors offers further empirical evidence for the importance of the political environment for investment decisions of multinationals.

Flying lessons & other stories / / Ellen Oh

• Record Nr.: UNINA9910151956003321
• Autore: Oh Ellen
• Pubbl/distr/stampa: New York, : Listening Library, 2017
• ISBN: 1-5247-2116-6
• Edizione: [Unabridged.]
• Descrizione fisica: 1 online resource (4 audio files) : digital
• Classificazione: JUV013030JUV030060JUV038000
• Altri autori (Persone): RevaschAbigail
• Soggetti: Juvenile Fiction; Juvenile Literature; Short Stories
• Lingua di pubblicazione: Inglese
• Formato: Audiolibro
• Livello bibliografico: Monografia
• Note generali: Unabridged.
• Sommario/riassunto: Whether it is basketball dreams, family fiascos, first crushes, or new neighborhoods, this bold anthology—written by the best children’s authors—celebrates the uniqueness and universality in all of us. In a partnership with We Need Diverse Books, industry giants Kwame Alexander, Soman Chainani, Matt de la Peña, Tim Federle, Grace Lin, Meg Medina, Walter Dean Myers, Tim Tingle, and Jacqueline Woodson join newcomer Kelly J. Baptist in a story collection that is as humorous ; as it is heartfelt. This impressive group of authors has earned among them every major award in children’s publishing and popularity as New York Times bestsellers. From these distinguished authors come ten distinct and vibrant stories. Table of Contents & Cast of Narrators: “Foreword,” written and read by Ellen Oh “How to Transform an Everyday Hoop Court Into a Place of Higher Learning and You at the Podium” by Matt de la Peña, read by Dion Graham “The Difficult Path” by Grace Lin, read by Samantha Quan “Sol Painting, Inc.,” written and read by Meg Medina “Secret Samantha” by Tim Federle, read by Julia Whelan “The Beans and Rice Chronicles of Isaiah Dunn” by Kelly J. Baptist, read by Adam Lazarre-White “Choctaw Bigfoot, Midnight in the Mountains,” written and read by Tim Tingle “Main Street” by Jacqueline Woodson, read by Abigail Revasch “Flying Lessons” by Soman Chainani, read by Sunil Malhotra “Seventy-Six Dollars and Forty-Nine Cents,” written and read by Kwame Alexander “Sometimes a Dream Needs a Push” by Walter Dean Myers, read by Dominic Hoffman ABOUT WE NEED DIVERSE BOOKS, read by Ellen Oh "There's plenty of magic in this collection to go around." - Booklist , Starred "A natural for middle school classrooms and libraries, this strong collection should find eager readers" - Kirkus , Starred "Inclusive, authentic, and eminently readable, this collection of short stories is an excellent addition for libraries and classrooms.” - School Library Journal , Starred