Investment Incentives And The Global Competition For Capital by K. ThomasInvestment Incentives And The Global Competition For Capital by K. Thomas

Investment Incentives And The Global Competition For Capital

byK. Thomas

Hardcover | November 24, 2010

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The battle of national, state, and local governments to attract investment has been a high priority for decades. For example, US state and local governments give almost $50 billion in location incentives and over $70 billion in total subsidies annually. Developing countries often pay even more for investments despite the fact they are less able to afford to do so. Using case studies from around the world, and at all levels of government, Thomas shows that investment incentives are rarely a good policy, especially for countries lacking education and an infrastructure. Finally, he analyzes the myriad methods of controlling incentives with an emphasis on the EU's comprehensive and largely successful state aid rules, illustrated by an extended case study of Ireland.
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.
Title:Investment Incentives And The Global Competition For CapitalFormat:HardcoverDimensions:240 pages, 9.02 × 5.98 × 0 inPublished:November 24, 2010Publisher:Palgrave Macmillan UKLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230229050

ISBN - 13:9780230229051

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Table of Contents

'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

Editorial Reviews

"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,