{ "item_title" : "Competing for Capital", "item_author" : [" Kenneth P. Thomas "], "item_description" : "The use of locational incentives to divert corporations from one site to another, or to prevent them from moving, is an escalating problem in international political economy. Kenneth Thomas has established himself as the leading figure in uncovering what the facts are (without overstating them), developing the analytical framework to examine these incentive competitions, and spelling out the policy consequences for national, sub-national, and supra-national authorities.-Theodore H. Moran, School of Foreign Service, Georgetown UniversityAs corporations search for new production sites, governments compete furiously using location subsidies and tax incentives to lure them. Yet underwriting big business can have its costs: reduction in economic efficiency, shifting of tax burdens, worsening of economic inequalities, or environmental degradation.Competing for Capital is one of the first books to analyze competition for investment in order to suggest ways of controlling the effects of capital mobility. Comparing the European Union's strict regulation of state aid to business with the virtually unregulated investment competition in the United States and Canada, Kenneth P. Thomas documents Europe's relative success in controlling--and decreasing--subsidies to business, even while they rise in the United States.Thomas provides an extensive history of the powers granted to the EU's governing European Commission for controlling subsidies and draws on data to show that those efforts are paying off. In reviewing trends in North America, he offers the first comprehensive estimate of U.S. subsidies to business at all levels to show that the United States is a much higher subsidizer than it portrays itself as being.Thomas then suggests what we might learn from the European experience to control the effects of capital mobility--not only within or between states, but also globally, within NAFTA and the World Trade Organization as well. He concludes with policy recommendations to help promote international cooperation and cross-fertilization of ways to control competition for investment.Kenneth P. Thomas is an associate professor of political science and fellow at the Center for International Studies, University of Missouri-St. Louis. He is the author of Capital Beyond Borders: States and Firms in the Auto Industry, 1960-94 (Macmillan, 1997).Georgetown Series on Public Policy in a Global Economy, Andrew C. Sobel, series editor", "item_img_path" : "https://covers2.booksamillion.com/covers/bam/0/87/840/808/0878408088_b.jpg", "price_data" : { "retail_price" : "59.95", "online_price" : "59.95", "our_price" : "59.95", "club_price" : "59.95", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }

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