Foreign investment and political regimes : the oil sector in Azerbaijan, Russia, and Norway / Oksan Bayulgen.

By:

Bayulgen, Oksan [author.]

Material type: Text

TextPublication details: Cambridge ; New York : Cambridge University Press, 2010.Description: 1 online resource (xiii, 274 pages) : illustrationsContent type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9780511676789
0511676786
9780511681271
0511681275
9780511676048
0511676042
1107436923
9781107436923

Subject(s): Additional physical formats: Print version:: Foreign investment and political regimes.DDC classification:

338.2/72820947 22

LOC classification:

HD9576.A982 B39 2010eb

Online resources:

EBSCOhost

Contents:

Political risks in oil investments : a history of antagonistic interdependence between companies and host-governments -- With or without democracy?: the political economy of foreign direct investments -- Curse or blessing? : effects of FDI on development -- Azerbaijan : one-stop shopping -- Russia : two steps forward, one step back -- Norway : icon of stability -- Beyond three cases and oil.

Summary: "Political democratization and economic globalization have been two of the most important global trends of the past few decades. But, how are they connected? Do the domestic political institutions affect a country's attractiveness to foreign investors? Can countries that democratize attract relatively more foreign investments? Drawing on three in-depth case studies of oil-rich countries and statistical analyses of 132 countries over three decades, Oksan Bayulgen demonstrates that the link between democratization and FDI is nonlinear. Both authoritarian regimes and consolidated democracies have institutional capabilities that, though different, are attractive to foreign investors. Democracies can provide long-term stability, and authoritarian regimes can offer considerable flexibility. The regimes that have started on the road to democracy, but have not yet completed it, tend to have political institutions that provide neither flexibility nor stability. These hybrid regimes, then, also find it relatively more difficult to construct a policy environment that is attractive to foreign investments. These findings have deep implications for the link between democratization and globalization, but also how globalization may affect political, social, and economic development"-- Provided by publisher.

Holdings ( 1 )
Title notes ( 5 )

Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode	Item holds
eBook	e-Library	EBSCO Business		Available

Total holds: 0

Includes bibliographical references and index.

"Political democratization and economic globalization have been two of the most important global trends of the past few decades. But, how are they connected? Do the domestic political institutions affect a country's attractiveness to foreign investors? Can countries that democratize attract relatively more foreign investments? Drawing on three in-depth case studies of oil-rich countries and statistical analyses of 132 countries over three decades, Oksan Bayulgen demonstrates that the link between democratization and FDI is nonlinear. Both authoritarian regimes and consolidated democracies have institutional capabilities that, though different, are attractive to foreign investors. Democracies can provide long-term stability, and authoritarian regimes can offer considerable flexibility. The regimes that have started on the road to democracy, but have not yet completed it, tend to have political institutions that provide neither flexibility nor stability. These hybrid regimes, then, also find it relatively more difficult to construct a policy environment that is attractive to foreign investments. These findings have deep implications for the link between democratization and globalization, but also how globalization may affect political, social, and economic development"-- Provided by publisher.

Print version record.

Added to collection customer.56279.3