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Competing for Capital : Europe and North America in a Global Era - Kenneth P. Thomas

Competing for Capital

Europe and North America in a Global Era

Hardcover Published: 1st October 2000
ISBN: 9780878408085
Number Of Pages: 352
For Ages: 22+ years old

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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.

Industry Reviews

Well researched ... Intriguing conclusions ... Could indeed provide interesting policy recommendations in the face of increasing capital mobility... Competing for Capital can provide original insights into the impact of international capital mobility on domestic policies and the competition for investment. American Political Science Review

Prefacep. ix
Acknowledgmentsp. xi
List of Abbreviationsp. xv
Bidding for Business: An Unclosable Can of Worms?p. 1
The Market for Investmentp. 21
European Union Control of State Aidp. 50
The Development of the State Aid Regimep. 86
The North American Nonregimesp. 148
How Much Bang for the Euro?p. 198
Lessons for Theory, Lessons for Policyp. 249
Bibliographyp. 280
Notes on Game Theoryp. 308
Text of Articles 87-89 EECp. 313
A Portrait of State Aidp. 316
NGOs Campaigning on Corporate Subsidies/Accountabilityp. 318
Indexp. 324
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780878408085
ISBN-10: 0878408088
Series: Georgetown Series on Public Policy in a Global Economy
Audience: Professional
For Ages: 22+ years old
Format: Hardcover
Language: English
Number Of Pages: 352
Published: 1st October 2000
Country of Publication: US
Dimensions (cm): 22.86 x 15.24  x 2.39
Weight (kg): 0.67

Earn 204 Qantas Points
on this Book