Investment Incentives and the Global Competition for Capital

This is a global study of government subsidies to attract investment. The book shows how corporations use site selection as rent extraction, with developing countries investing more than developed ones. It demonstrates that incentive use is rarely a good policy, especially for countries without adequate education and infrastructure.

"What if the government passed a law requiring every business to pay a tax except your competitor's business? That kind of government meddling in the market goes on every day in America.Now, thanks to a book being published by Palgrave Macmillan titled Investment Incentives and the Global Competition for Capital, we have some idea of how much these giveaways to businesses cost and the harm they are doing. In 200 packed pages, Prof. Kenneth P. Thomas, a political scientist at the University of Missouri-St. Louis, documents how tax giveaways to big business are growing around the globe. . ." - David Cay Johnston, Tax.com

Autorentext
KENNETH P. THOMAS Associate Professor of Political Science and Fellow in the Center for International Studies at the University of Missouri-St. Louis, USA. He is an expert on multinational corporations, competition for investment, and subsidies.

Inhalt
Competing for Capital' Revisited Models, Models, and More Models Policy Studies Industry Case Studies: Steel, Biofuel Production, Semiconductors, Automobiles, Call Centers The Celtic Tiger: Incentives, Infrastructure, Tax Rates, Luck Who Provides the Most Investment Incentives: EU vs. U.S. The Spread of Investment Incentives to Developing Countries Controlling Incentives and Maximizing the Value of Inward Investment A Policy Agenda for the 21st Century: Transparency and Beyond Notes Bibliography Index