Locational Tournaments in the Context of the EU Competitive Environment: A New Institutional Economics Approach to Foreign Direct Investment Policy Competition between Governments in Europe

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Based on the practical insights and experience gained in his professional work on foreign direct investment (FDI) in developing countries at the World Bank, and using the EU’s competition framework as an example, Stephan J. Dreyhaupt analyses whether or not a multilateral system of investment rules can be economically and politically effective.