The Affinity of Foreign Investors for Authoritarian Regimes
Bibliographic Data
| ID | 6340487 |
|---|---|
| Authors | John R Oneal (University of Alabama, corresponding author) |
| Year | 1994 |
| Volume | 47 |
| Issue | 3 |
| Pages | 565 |
| Publication date | 1994-09-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Political Research Quarterly (JOURNAL) |
| Journal identifiers | ISSN: 1065-9129 • E-ISSN: 1938-274X |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/448844 |
| OpenAlex | W4242165503 |
| Language | EN |
| Citations received | 78 |
| References cited | 53 |
Military coups in Argentina, Brazil, and Chile in the 1960s and 1970s cast doubt on the liberals' belief that democracy and economic development are mutually reenforcing. Indeed, Guillermo O'Donnell and other radicals argued that democracy was inconsistent with the requirements for develop ment within the strictures of international capitalism. Strong and weak ver sions of the radical thesis linking authoritarian regimes to the interests of multinational corporations are tested by analyzing the flow and profitability of U.S. foreign direct investment. Do multinationals benefit materially from autocratic regimes? Pooled cross-sectional and time-series regression analyses of 48 countries, 1950-85, indicate that U.S. multinational corporations have fared best in the developed democracies; but rates of return in the periphery have been greater under authoritarian regimes. Investment flows have not been significantly related to regime type
Authoritarianism · Autocracy · Capitalism · Democracy · Economic system · Economics · Foreign direct investment · Macroeconomics · Market economy · Multinational corporation · Political economy · Political science · Politics · Profitability index · Corruption and Economic Development · Economic Growth and Development · International Development and Aid · Law · State Capitalism and Financial Governance · Finance
The Political Economy of U.S. Foreign Direct Investment in Latin America
Monopoly Rents and Foreign Direct Investment in Fixed Assets
The Shield of Nationality
Are Media at Work in Your Neighborhood? The Effects of Media Freedom, Internet Access, and Information Spillover on Workers’ Rights
Macroeconomic Deeds, Not Reform Words
Economic Reforms and Inflows of Foreign Direct Investment in Latin America
Regulation trumps economics? Examining renewable energy policy, diffusion and investment in 80 developing countries
The importance of legal systems for portfolio investment in the developing world
Does Armed Conflict Reduce Foreign Direct Investment in the Petroleum Sector
Rights, Institutions, and Foreign Direct Investment
Reexamining the Effect of Democratic Institutions on Inflows of Foreign Direct Investment in Developing Countries
Democracy and Stock Market Returns
Regional Trade Agreements and Foreign Direct Investment
The role of mercantilism, humanitarianism, and gaiatsu in Japan's ODA programme in Asia
Do environmental regulations affect the location decisions of multinational gold mining firms
Investing in agriculture
The end of exceptionalism? Explaining Chinese National Oil Companies’ overseas investments
Civil war termination and foreign direct investment, 1989–2012
The effect of economic coercion on companies’ foreign direct investment decisions
Rights, institutions, and Chinese investment abroad
The Political Determinants of Foreign Direct Investment
Autocratic regime survival, regime instability, and foreign asset expropriation
The Politics of Foreign Direct Investment in Authoritarian Regimes
Data development for international research—Phase I
Economic Policy, Political Constraints, and Foreign Direct Investment in Developing Countries
Credibility and Flexibility
Campaigning for Capital
Reputations, Perceptions, and International Economic Agreements
Contracting with Whom? The Differential Effects of Investment Treaties on FDI
Do Democracies Attract Portfolio Investment? Transnational Portfolio Investments Modeled as Dynamic Network
Investors, turbulence, and transition
The Political Economy of U.S. Direct Investment in East Asian NICs, 1966–2000
Bringing the Company Back In
Political regimes and foreign intervention
Packaging Support for Low‐Income Families
The Macroeconomic Consequences of Democratic Transition
Input-Factor Mobility and the Impact of Host Country Institutions on Foreign Direct Investment in Natural Resources
The Effects of Judicial Strength and Rule of Law on Portfolio Investment in the Developing World
FDI and the costs of contract enforcement in developing countries
Multinational corporations, totalitarian regimes and economic nationalism
The Relationship between Democracy and Foreign Direct Investment in East Asia
Democracy, foreign direct investment and natural resources
Do Political Institutions Affect Foreign Direct Investment? A Survey of U.S. Corporations in Latin America
Foreign Direct Investment and Territorial Disputes
Economic Policy, Institutions, and Capital Flows
Sovereign Bond Ratings and Neoliberalism in Latin America
Following the Flag
The Effect of Sanctions on U.S. Foreign Direct Investment
Making and maintaining corporate empires
Who funds whose infrastructure? Country dyadic analysis of global project finance loans
Economic globalisation, relative power, and post-cold war democratisation
Political Risk, Democratic Institutions, and Foreign Direct Investment
What Attracts Foreign Investors? An Examination of Human Rights and Foreign Direct Investment
Investing in Violence
Political Parties and Foreign Direct Investment Inflows among Developing Countries
Property Rights Regimes, Technological Innovation, and Foreign Direct Investment
Transparency, Risk, and FDI
Explaining Japanese Aid Policy in Latin America
The Costs of Domestic Political Unrest1
Foreign Direct Investment, Commitment Institutions, and Time Horizon
Avoiding the Spotlight
Investment, Opportunity, and Risk
Profiting from Sanctions
Sovereign Bonds and the “Democratic Advantage
Democratic Governance and Multinational Corporations
Reversal of Fortunes
Do Electoral Rules Matter
Sovereign Bond Ratings and the Democratic Advantage
Political Risk, Reputation, and the Resource Curse
Political Economy of Foreign Direct Investment
The Politics of Foreign Direct Investment into Developing Countries
Networked liabilities
Foreign direct investment and militarized international conflict
Hard Bargains
The Effect of Globalization on National Income Inequality
Political Order in Changing Societies
The Political economy of growth
Conclusion
Elements of Econometrics
A New Set of International Comparisons of Real Product and Price Levels Estimates for 130 Countries, 1950–1985
The New authoritarianism in Latin America
Dependent Development
Modernization and the Structure of Societies
The Breakdown of Democratic Regimes
The Breakdown of Democratic Regimes
Taxes, Tariffs and Transfer Pricing in Multinational Corporate Decision Making
The Peripheral State Debate
Safeguarding or international morality? The behavior of multinational corporations in less developed countries, 1975–86
World military and social expenditures
Authoritarian versus nonauthoritarian approaches to economic development
Foreign Expansion as an “Institutional Necessity” for U.S. Corporate Capitalism
The impact of patterns of industrialization and of popular sector incorporation on political regime type
The Economics of Under-developed Countries
Myths and Realities of Foreign Investment in Poor Countries
Militarism and Imperialism
National Political Development
The Rise of Bureaucratic Authoritarianism in South Korea
Democracy from Above
Birds of a Feather
Dependent Economic Development, Aid Dependence on the United States, and Democratic Breakdown in the Third World
The art of economic development
Hegemony, imperialism, and the profitability of foreign investments
Capitalism, bureaucratic authoritarianism, and prospects for democracy in the United States
Legitimacy, Institutionalization, and Opposition in Exclusionary Bureaucratic-Authoritarian Regimes
The Impact of Bureaucratic-Authoritarian Rule on Economic Growth
Economic Dependence and Political Democracy
Politics, the State, and Basic Human Needs
Foreign Investments in Less Developed Regions
Issues in the Comparative Measurement of Political Democracy
The Economics of Underdeveloped Countries
The Political Economy of Growth
Some Social Requisites of Democracy
Economic Modernization and Political Instability in Latin America
Modernization and Bureaucratic Authoritarianism
Bureaucratic-Authoritarianism Revisited
| Unique citing works | 75 |
|---|---|
| Citations per year | 2,44 |
| Citation span | 1994 - 2025 (32) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 77 |