The role of foreign direct investment (FDI) in international capital flows is examined. Theories of the determinants of FDI are surveyed, and the economic consequences of FDI for both host (recipient) and home (investor) nations are examined in light of empirical studies. Policy issues surrounding possible negotiation of a “multilateral agreement on investment” are discussed.

Explores three related issues of foreign direct investment (FDI) from the point of view of the host country: benefits and risks; the effectiveness of international markets in providing FDI to developing countries; and the kinds of policies that allow countries to capture the benefits and avoid the risks of FDI. Annotation copyrighted by Book News, Inc., Portland, OR

This collection of papers by former students and colleagues celebrates the profound impact that Jagdish Bhagwati has had on the field of international economics over the past three decades. Bhagwati, who is the Arthur Lehman Professor of Economics at Columbia University, has made pathbreaking contributions to the theory of international trade and commercial policy, including immiserizing growth, domestic distortions, economic development, and political economy. His success and influence as a teacher and mentor is widely recognized among students at both MIT and Columbia, and as founder of the Journal of International Economics, he has encouraged research on many questions of theoretical and policy relevance. The political economy of trade policy, Bhagwati's most recent area of interest, is the theme of this collection which addresses salient topics including market distortions, income distribution, and the political process of policy-making. Sections and Contributors Market Distortions, T. N. Srinivasan. Paul A. Samuelson. Paul R. Krugman * Trade and Income Distribution, Douglas A. Irwin. Richard A. Brecher and Ehsan U. Choudri. Robert C. Feenstra and Gordon H. Hanson. Earl L. Grinols * Perspectives on Political Economy, Robert E. Baldwin. Peter Diamond * Models of Political Economy and Trade, Gene M. Grossman and Elhana Helpman. John Douglas Wilson. B. Peter Rosendorff. Arvind Panagariya and Ronald Findlay

Monograph on foreign policies and economic policies of the USA with regard to foreign investment, economic relations and multinational enterprises (role of USA) - shows the reciprocal interaction of economics and politics in today's world. References and statistical tables.

Can national growth be sustained indefinitely? How much should government intervene in a competitive market economy? The questions John Stuart Mill raised a century and a half ago, in 1848's Principles of Political Economy, and the answers he found, are just as critical-and just as contentiously debated-today. Through a lens of what the philosopher himself termed "philosophical radicalism"-and what some today call "democratic liberalism"-Mill takes a fresh look at Adam Smith's Wealth of Nations and other influential works of political thought of his time, and recasts them from a more scientific viewpoint, suggesting that such realities as the unequal distribution of wealth were not "natural" but rather a matter of human choice... choices we continue to have to make in our ever more complicated economy. Also available from Cosimo Classics: Selected Writings of John Stuart Mill and On Liberty. English philosopher and politician JOHN STUART MILL (1806-1873) was one of the foremost figure of Western intellectual thought in the late 19th century. He served as an administrator in the East Indian Company from 1823 to 1858, and as a member of parliament from 1865 to 1868. Among his essays on a wide range of political and social thought are On Liberty (1859), Considerations on Representative Government (1861), and The Subjection of Women (1869).

The essays of this book are contributions to the empirical Literature in International Trade and Public Economics. They deal with the relationship between the structure and quality of the public sector and the process of economic integration. Two of the essays add to the empirical determinants of trade and foreign direct investment (FDI) and to the numerous applications of the theory of government decentralization. Decentralization tends to discourage inward FDI and domestic trade and to increase imports and exports. A third essay focuses on the effect of governments' intangible assets - such as consumer perceptions about countries and products from these countries - on FDI. A country's nation brand is shown to have a significant and large positive effect on investment flows.

Political Economy and International Economics is the fifth volume of collected essays by the noted economist Jagdish Bhagwati.