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OverviewAs 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. Full Product DetailsAuthor: Kenneth P. ThomasPublisher: Georgetown University Press Imprint: Georgetown University Press Dimensions: Width: 15.20cm , Height: 2.40cm , Length: 22.90cm Weight: 0.735kg ISBN: 9780878408085ISBN 10: 0878408088 Pages: 352 Publication Date: 19 October 2000 Audience: Professional and scholarly , Professional and scholarly , Professional & Vocational , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of ContentsReviewsWell 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 Author InformationKenneth P. Thomas is an associate professor of political science and fellow at the Center for International Studies, University of Missouri-St. Louis. He is the author of Capital Beyond Borders: States and Firms in the Auto Industry,1960-94 (Macmillan, 1997). Tab Content 6Author Website:Countries AvailableAll regions |
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