This paper investigates the effects of multinational corporations on labor standards. We argue that the previous literature has failed to distinguish the different motives that encourage firms to become multinational. Therefore, we build a stylized model of segmented labor markets with...

The paper investigates whether the decline in environmental quality in BRIC economies is due to high energy consumption level which is a resultant of rapid economic growth. We answer this using environmental, macroeconomic and financial variables along with Kyoto Protocol indicators based on...

It is puzzling that India, which has a large domestic constituency of people suffering from underdevelopment, chronic poverty and mal-governance, is emerging as an important aid donor. With the intension of understanding why poor countries provide foreign aid, this article is the first to...

Among the many concerns over globalization is that as nations compete for mobile firms, they will relax labour standards as a method of lowering costs and attracting investment. Using spatial estimation on panel data for 148 developing countries over 18 years, we find that the labour standards...

Unlike previous studies on political risk and FDI which use macro-level FDI data to test micro-level theories, we make use of aggregate data on US firms’ investment activities in 101 developing countries during the period 1997–2007 to reassess the propositions. Using a multilevel...

Does international investor sentiment improve when a crises-ridden country participates in an IMF program? I argue that merely participating in an IMF program may not revive the sentiments of investors. Rather, investor sentiment would improve when governments enhance the credibility of their...

Do countries compete for FDI by liberalizing policies favoring FDI? Our measure of policies favoring FDI is an event count of changes made by a country in a given year in the arena of approval procedures, sectoral restrictions, operational conditions, incentives, investment guarantees, foreign...

Armed conflicts have been a permanent feature of Northeastern region since Indian independence. Surprisingly, relentless conflicts in this remote region of India have received little attention in the literature. Although some studies on conflicts in India made important contributions in...

About 90 countries have adopted Freedom of Information (FOI) laws with the objective of facilitating citizens' right to access information on government activities expeditiously. It is argued that FOI laws increase transparency and fix accountability of the government. We provide quantitative...