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Competing for Capital

Europe and North America in a Global Era

Autor: Kenneth P. Thomas

Język:

Oprawa: Twarda

Wydawca: Georgetown University Press

Dostępność: Dostępna u dostawcy

Wysyłamy za 10-18 dni

249.65 zł

As corporations search for new production sites, governments compete furiously using location subsid...

Informacje o książce

Autor

Kenneth P. Thomas

Język

Angielski

Oprawa

Książka - Twarda

Data wydania

2000

strony

352

EAN

9780878408085

ISBN

0878408088

Enbook ID

04751682

Wydawca

Georgetown University Press

Waga

735

Wymiary

152 x 229 x 24

Pełny opis

As corporations search for new production sites, governments compete furiously using location subsidies and tax incentives to lure them. Yet underwriting big business can have its costs: reduction in economic efficiency, shifting of tax burdens, worsening of economic inequalities, or environmental degradation. "Competing for Capital" is one of the first books to analyze competition for investment in order to suggest ways of controlling the effects of capital mobility. Comparing the European Union's strict regulation of state aid to business with the virtually unregulated investment competition in the United States and Canada, Kenneth P. Thomas documents Europe's relative success in controlling - and decreasing - subsidies to business, even while they rise in the United States. Thomas provides an extensive history of the powers granted to the EU's governing European Commission for controlling subsidies and draws on data to show that those efforts are paying off. In reviewing trends in North America, he offers the first comprehensive estimate of U.S. subsidies to business at all levels to show that the United States is a much higher subsidizer than it portrays itself as being. Thomas then suggests what we might learn from the European experience to control the effects of capital mobility - not only within or between states, but also globally, within NAFTA and the World Trade Organization as well. He concludes with policy recommendations to help promote international cooperation and cross-fertilization of ways to control competition for investment.

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Europe and North America in a Global Era

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