Title: fantastic look at globalization
Product review: There is an assumption that gets rehashed quite often that firms seek countries that have lax regulations in order to take advantage of low government involvement. The result, so the assumption goes, is a "race to the bottom" between countries seeking FDI, foreign exchange, etc. Professor Dale Murphy illustrates quite effectively that this assumption is not always the case. As expected, the reality is quite complex. The good news is that Murphy navigates the complexity with ease and relays the true story in accessible prose.This is one of those books that specialists and non-specialists alike will find extremely valuable.
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