1. Nationality and leverage in a globalized world; 2. When governments break contracts; 3. National diversity and contract sanctity; 4. Explaining breach around the world: quantitative tests; 5. Foreign firms and their diplomats in Ukraine; 6. Moldovan deterrence versus Romanian gold; 7. Investor-government relations in history; 8. When national diversity erodes property rights; Appendix. Case studies: methodology.
The Shield of Nationality examines multinational corporations' relations with governments in developing countries and why governments can sometimes expropriate foreign-owned property.
Rachel Wellhausen is an assistant professor of government and holds courtesy appointments at the McCombs School of Business and the Center for Russian, Eastern European, and Eurasian Studies at the University of Texas, Austin. She is co-editor of Production in the Innovation Economy (2014), an interdisciplinary volume emerging from the multiyear MIT project on the links between innovation and manufacturing in the United States and abroad. Wellhausen has published in the Journal of Conflict Resolution, International Studies Quarterly, Business and Politics, and Systems and Synthetic Biology. She has also worked in the political risk industry.
'Rachel Wellhausen has written a fantastic book that speaks to big
questions on politics and the rule of law. Including new theory,
rigorous quantitative data analysis, and rich case studies, this is
a must-read for scholars and practitioners interested in the
relationship between diplomacy and the protection of foreign
investments abroad.' Nathan Jensen, The George Washington
University School of Business
'Challenging the conventional wisdom that globalization has removed
nationality from economic policies, this important book explains
the conditions under which governments of emerging market economies
intervene to pursue national goals at the expense of foreign
companies. Wellhausen takes on big questions about the role of
government and contracts while also providing a nuanced argument
and rich empirical evidence to account for the variation in when
states expropriate and when multinationals gain protection from the
shield of nationality. This book will change how we think about
globalization and foreign investment.' Christina Davis, Princeton
University
'Rachel Wellhausen argues that, despite economic globalization,
firm nationality plays a central role in determining the conditions
under which governments honor their commitments to foreign firms.
The Shield of Nationality employs a range of evidence to document
the role of firm nationality, deftly pairing statistical analyses
with in-depth, interview-based case studies.' Layna Mosley,
University of North Carolina, Chapel Hill
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