Piranfar, Hosein; Rasouli, Reza - In: International Journal of Financial Services Management 2 (2007) 3, pp. 175-191
International investors with 'footloose capital' have often pushed the host countries into what Keynes (1936) calls a 'beauty contest', which means that they have to give many concessions to attract foreign investment. They receive concessions and leave whenever it suits them and often when the...