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Bestseller
BestsellerE-book
Author Wellhausen, Rachel L.

Title The shield of nationality : when governments break contracts with foreign firms / Rachel Wellhausen.

Publication Info. New York, NY : Cambridge University Press, 2015.

Item Status

Description 1 online resource
Physical Medium polychrome
Description text file
Bibliography Includes bibliographical references and index.
Contents Nationality and leverage in a globalized world -- When governments break contracts -- National diversity and contract sanctity -- Explaining breach around the world: quantitative tests -- Foreign firms and their diplomats in Ukraine -- Moldovan deterrence versus Romanian gold -- Investor-government relations in history -- When national diversity erodes property rights.
Summary There is extraordinary variation in how governments treat multinational corporations in emerging economies; in fact, governments around the world have nationalized or eaten away at the value of foreign-owned property in violation of international treaties. This even occurs in poor countries, where governments are expected to, at a minimum, respect the contracts they make with foreign firms lest foreign capital flee. In The Shield of Nationality, Rachel Wellhausen introduces foreign-firm nationality as a key determinant of firms' responses to government breaches of contract. Firms of the same nationality are likely to see a compatriot's broken contract as a forewarning of their own problems, leading them to take flight or fight. In contrast, firms of other nationalities are likely to meet the broken contract with apparent indifference. Evidence includes quantitative analysis and case studies that draw on field research in Ukraine, Moldova, and Romania.
Local Note eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America
Subject Public contracts -- Developing countries.
Public contracts.
Developing countries.
Business enterprises, Foreign -- Government policy -- Developing countries.
Business enterprises, Foreign -- Government policy.
Business enterprises, Foreign.
International business enterprises -- Developing countries.
International business enterprises.
Investments, Foreign -- Developing countries.
Investments, Foreign.
Developing countries -- Commercial treaties.
Genre/Form Commercial treaties.
Subject Developing countries -- Commercial policy.
Commercial policy.
Genre/Form Electronic books.
Electronic books.
Treaties.
Treaties.
Other Form: Print version: Wellhausen, Rachel L. Shield of nationality 9781107082762 (DLC) 2014027989 (OCoLC)885313235
ISBN 9781316129487 (electronic book)
1316129489 (electronic book)
9781316014547 (electronic book)
1316014541 (electronic book)
9781322521701
1322521700
9781107082762
1107082765
Standard No. 40024560414