The shield of nationality : when governments break contracts with foreign firms
- Rachel L. Wellhausen.
- New York, NY, USA : Cambridge University Press, 2015.
- Physical description
- xiii, 271 pages : illustrations ; 24 cm
- Wellhausen, Rachel L., author.
- Includes bibliographical references (pages 243-254) and index.
- Nationality and leverage in a globalized world
- When governments break contracts
- National diversity and contract sanctity
- Explaining breach around the world : quantitative tests
- Foreign firms and their diplomats in Ukraine
- Moldovan deterrence versus Romanian gold
- Investor-government relations in history
- When national diversity erodes property rights.
There is extraordinary variation in how governments treat multinational corporations in emerging economies; in fact, governments around the world have nationalized or eaten away at the value of foreign-owned property in violation of international treaties. This even occurs in poor countries, where governments are expected to, at a minimum, respect the contracts they make with foreign firms lest foreign capital flee. In The Shield of Nationality, Rachel Wellhausen introduces foreign-firm nationality as a key determinant of firms' responses to government breaches of contract. Firms of the same nationality are likely to see a compatriot's broken contract as a forewarning of their own problems, leading them to take flight or fight. In contrast, firms of other nationalities are likely to meet the broken contract with apparent indifference. Evidence includes quantitative analysis and case studies that draw on field research in Ukraine, Moldova, and Romania.
(source: Nielsen Book Data)
- Public contracts > Developing countries.
- Business enterprises, Foreign > Government policy > Developing countries.
- International business enterprises > Developing countries.
- Investments, Foreign > Developing countries.
- Developing countries > Commercial treaties.
- Developing countries > Commercial policy.
- Publication date
- Title Variation
- When governments break contracts with foreign firms
- 9781107082762 hardback
- 1107082765 hardback
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