Author : Francisco Monaldi
Publisher :
ISBN 13 :
Total Pages : 480 pages
Book Rating : 4.F/5 ( download)
Book Synopsis Rent Seeking, Institutions, and Commitment : the Political Economy of Foreign Investment in the Venezuelan Oil Industry by : Francisco Monaldi
Download or read book Rent Seeking, Institutions, and Commitment : the Political Economy of Foreign Investment in the Venezuelan Oil Industry written by Francisco Monaldi and published by . This book was released on 2002 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation explores an alternative type of commitment mechanism to attract foreign capital based on external enforcement of the investment deal using offshore assets and future export revenues as hostages . The key feature of this institutional arrangement is that it makes government reneging costly and provides effective third-party external enforcement to the deal.