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This book challenges the established wisdom regarding the balance of bargaining power between multinational corporations and host governments. Most theories, beginning with Raymond Vernon's, claim that the bargaining power of host states should increase over time.
Comparing the European Union's strict regulation of state aid to business with the virtually unregulated investment competition in the United States and Canada, this title documents Europe's relative success in controlling - and decreasing - subsidies to business, even while they rise in the United States.
Structure and Agency in International Capital Mobility highlights the importance of mobile resources as a feature of globalization, and challenges the received wisdom about the causes and effects of international capital mobility.
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