TY - BOOK ID - 57164792 TI - Policy competition for Foreign Direct Investment : a study of competition among governments to attract FDI AU - Oman, Charles AU - Organisation de Coopération et de Développement économiques PY - 2000 SN - 9264171975 9789264181083 9789264171978 9786610030712 1280030712 9264181083 PB - Paris Organization for Economic Cooperation and Development DB - UniCat KW - International finance KW - Developing countries: economic development problems KW - Developing countries KW - Investments, Foreign. KW - Investments, Foreign KW - Government policy. KW - Capital exports KW - Capital imports KW - FDI (Foreign direct investment) KW - Foreign direct investment KW - Foreign investment KW - Foreign investments KW - International investment KW - Offshore investments KW - Outward investments KW - Capital movements KW - Investments UR - https://www.unicat.be/uniCat?func=search&query=sysid:57164792 AB - Competition for foreign direct investment has been neglected as a subject of research. Yet many claim that such competition is having deleterious effects, such as lowering governments’ standards of protection of the environment and workers’ rights.This book looks at the evidence and assesses the impact of competition among governments to attract FDI. It finds little evidence directly to support fears of a "global race to the bottom" in labour and environmental standards. The widespread use of investment incentives, however, in OECD and developing countries alike, tends to be bad for government transparency and accountability. This is highly detrimental both to economic policy making and to the construction of democratic institutions in developing countries. The author proposes a shift away from incentive-based policies for attracting FDI towards a rules-based approach on both a national and international level. ER -