Journal of Economic Literature
Book Reviews
2026-08-28
Lee G. Branstetter of Carnegie Mellon University reviews “Nation-States and the Multinational Corporation: A Political Economy of Foreign Direct Investment” by Nathan M. Jensen,. The EconLit Abstract of the reviewed work begins “Examines whether the fiscal competition among governments to attract foreign direct investment (FDI) has been grossly exaggerated. Asks which government policies prove beneficial to multinational operations and which political institutions provide multinational corporations with credible commitments to these market-friendly policies. Examines multinational firms and domestic governments; theory; the race to the bottom thesis and FDI; democracy and FDI; veto players and FDI; and the IMF and FDI inflows. Jensen is Assistant Professor of Political Science at Washington University in St. Louis. Index.”