International Political Economy: Perspectives on Global Power and Wealth, Fourth Edition

170 “A New Imperial System”? the interests of its lower echelons must be subordinated to those of the highest level: that is, su ...

David Fieldhouse 171 economy. In his pioneering survey of American direct investment in Britain, published in 1958, J.H.Dunning ...

172 “A New Imperial System”? which might enable them to judge whether the cost of providing conditions attractive to MNCs will o ...

David Fieldhouse 173 “nationalist” critics of MNCs, this would seem to be one in which the needs of the poor majority take prece ...

174 “A New Imperial System”? authority and the growth of a global business strategy that creates fears on the part of government ...

David Fieldhouse 175 may be in stimulating an internal market and domestic production, MNC advertising may create “unsuitable” t ...

176 “A New Imperial System”? But even if the flow of specific information increases greatly (and both large corporations and hos ...

David Fieldhouse 177 things they dealt in were seldom subject to protective duties, quantity controls (except in wartime), or ta ...

178 “A New Imperial System”? monopoly of technology and know-how. Thus, as Hymer argued as early as 1960, it was indeed imperfec ...

David Fieldhouse 179 shows that very large foreign corporations will normally accept the bid from the very small states. Yet we ...

180 12 Strategic Trade and Investment Policies: Implications for the Study of International Political Economy JEFFREY A.HART AND ...

Jeffrey A.Hart and Aseem Prakash 181 rate policies) generally do not discriminate among types of firms or industries, industrial ...

182 Strategic Trade and Investment Policies policy). Hence, strategic trade and investment policies (STIPs) need to be seen as t ...

Jeffrey A.Hart and Aseem Prakash 183 regimes, a stable monetary order, etc., since it corners the bulk of the benefits. For exam ...

184 Strategic Trade and Investment Policies trade theory, also known as the classical trade theory, argued for trade based on co ...

Jeffrey A.Hart and Aseem Prakash 185 sectors. A strategic sector may generate externalities only for the domestic economy and do ...

186 Strategic Trade and Investment Policies subsidies to specific firms and industries was also important since it created hurdl ...

Jeffrey A.Hart and Aseem Prakash 187 A. Criticisms of STIPs The efficacy of STIPs in promoting economic development is disputed. ...

188 Strategic Trade and Investment Policies economy it is often difficult to distinguish between national firms (us) and foreign ...

Jeffrey A.Hart and Aseem Prakash 189 in high-technology industries. For example, the Single European Act of 1987 as well as the ...