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Author Wellhausen, Rachel L.

Title The shield of nationality : when governments break contracts with foreign firms / Rachel Wellhausen
Published New York, NY : Cambridge University Press, 2015
Online access available from:
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Description 1 online resource
Contents Nationality and leverage in a globalized world -- When governments break contracts -- National diversity and contract sanctity -- Explaining breach around the world: quantitative tests -- Foreign firms and their diplomats in Ukraine -- Moldovan deterrence versus Romanian gold -- Investor-government relations in history -- When national diversity erodes property rights
Summary There is extraordinary variation in how governments treat multinational corporations in emerging economies; in fact, governments around the world have nationalized or eaten away at the value of foreign-owned property in violation of international treaties. This even occurs in poor countries, where governments are expected to, at a minimum, respect the contracts they make with foreign firms lest foreign capital flee. In The Shield of Nationality, Rachel Wellhausen introduces foreign-firm nationality as a key determinant of firms' responses to government breaches of contract. Firms of the same nationality are likely to see a compatriot's broken contract as a forewarning of their own problems, leading them to take flight or fight. In contrast, firms of other nationalities are likely to meet the broken contract with apparent indifference. Evidence includes quantitative analysis and case studies that draw on field research in Ukraine, Moldova, and Romania
Bibliography Includes bibliographical references and index
Notes Print version record
Subject Business enterprises, Foreign -- Government policy -- Developing countries
International business enterprises -- Developing countries.
Investments, Foreign -- Developing countries.
Public contracts -- Developing countries
Business enterprises, Foreign -- Government policy.
Commercial policy.
International business enterprises.
Investments, Foreign.
LAW -- Administrative Law & Regulatory Practice.
Multinationales Unternehmen
Öffentlicher Auftrag
Public contracts.
Developing countries -- Commercial treaties
Developing countries -- Commercial policy.
Developing countries.
Genre/Form Commercial treaties.
Form Electronic book
ISBN 1316014541