Capital Beyond Borders: States and Firms in the Auto Industry, 1960-94 This book challenges the established wisdom regarding the balance of bargaining power between multinational corporations and host governments. Most theories, beginning with Raymond Vernon's, claim that the bargaining power of host states should increase over time. This work shows the opposite is true, at least for the automobile industry in the industrialized world. The reason for this is the growing mobility of production, which undercuts host states' bargaining positions. Capital mobility is thus central to both firm-state relations and IPE generally. In particular, the rising mobility of capital threatens governments' ability to regulate firms and the economy, and has contributed to a shift of income toward the corporate sector. This has been expressed also in terms of declining real wages in the US and rising unemployment in Europe. |
Other editions - View all
Capital beyond Borders: States and Firms in the Auto Industry, 1960–94 Kenneth P. Thomas Limited preview - 2016 |
Capital beyond Borders: States and Firms in the Auto Industry, 1960–94 Kenneth P. Thomas No preview available - 1997 |
Capital Beyond Borders: States and Firms in the Auto Industry, 1960-94 Kenneth P. Thomas No preview available - 1997 |