Foreign investment and political regimes : the oil sector in Azerbaijan, Russia and Norway / Oksan Bayulgen
Material type: TextPublication details: Cambridge : Cambridge University Press, 2010Description: xiii, 274 p. 24 cmISBN:- 9780521425889
- 338.272820947 BAY
Item type | Current library | Call number | Status | Date due | Barcode | Item holds | |
---|---|---|---|---|---|---|---|
Book | Calcutta | 338.272820947 BAY (Browse shelf(Opens below)) | Available | IIMC-130042 |
Drawing on three in-depth case studies of oil-rich countries and statistical analyses of 132 countries over three decades, Bayulgen demonstrates that the link between democratization and FDI is nonlinear. Both authoritarian regimes and consolidated democracies have institutional capabilities that, though different, are attractive to foreign investors. Democracies can provide long-term stability, and authoritarian regimes can offer considerable flexibility. The regimes that have started on the road to democracy, but have not yet completed it, tend to have political institutions that provide neither flexibility nor stability. These hybrid regimes, then, also find it relatively more difficult to construct a policy environment that is attractive to foreign investments.
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