Today, investor-state arbitration embodies the worst fears of those concerned about
runaway globalization-a far cry from its framers' intentions. Why did governments create a …

We test the predictions of recent theoretical studies of the impact of sanctions on the
exchange rate. We build a database of exchange rates and sanctions spanning 1914–45 …

The ʽresource curseʼ is the view that countries with extensive natural resources tend to
suffer from a host of undesirable outcomes, including the weakening of state capacity …

Using a multiple‐case study of alleged expropriations reported before the World Bank, we
examine how multinational companies (MNC) react to the escalating hostility of host …

Multinationals operating in site‐specific industries face two types of opportunistic behavior. If
they vertically integrate, host governments have incentives to change existing legislation …

In the 1930s the Bolivian and Mexican governments decreed the nationalization of their
respective oil industries, thus starting a juncture of tensions in their relationship with the …

In order to share the benefits of oil production with people living in extraction areas, the oil
industry targets social development investments and projects to communities most affected …

Abstract Traditional views on Latin American political development agree that its distinctive
characteristics are in some way related to the region's pattern of import-substitution …

This study examines how firms with scarce market and non-market resources can succeed
in internationalizing, even in a host country that lacks trade and diplomatic relationships with …

Why did the United States subsidize American multinationals' entry into countries treated as
informal colonies? We study a classic case of American imperialism, the 1903 US support of …