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Competing for Capital

- Europe and North America in a Global Era
Af: Kenneth P. Thomas Engelsk Hardback

Competing for Capital

- Europe and North America in a Global Era
Af: Kenneth P. Thomas Engelsk Hardback
Tjek vores konkurrenters priser

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.

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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.

Produktdetaljer
Sprog: Engelsk
Sider: 352
ISBN-13: 9780878408085
Indbinding: Hardback
Udgave:
ISBN-10: 0878408088
Udg. Dato: 19 okt 2000
Længde: 0mm
Bredde: 152mm
Højde: 229mm
Forlag: Georgetown University Press
Oplagsdato: 19 okt 2000
Forfatter(e): Kenneth P. Thomas
Forfatter(e) Kenneth P. Thomas


Kategori Statslig, National & Føderal politik


ISBN-13 9780878408085


Sprog Engelsk


Indbinding Hardback


Sider 352


Udgave


Længde 0mm


Bredde 152mm


Højde 229mm


Udg. Dato 19 okt 2000


Oplagsdato 19 okt 2000


Forlag Georgetown University Press

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