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Title: |
VERs, Quid Pro Quo DFI and VIEs:
Political-Economy-Theoretic Analyses |
| Author: |
Bhagwati,
Jagdish N. |
| Author
Affiliation: |
Columbia U |
| Source: |
International Economic Journal, Spring 1987, v. 1, no. 1, pp. 1-14 |
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Publication Date: |
Spring 1987 |
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Abstract: |
The paper addresses three different
phenomena: VERs, their causes and consequences; Quid Pro Quo direct
foreign investment; and VIEs. Quid Pro Quo foreign investment relates to
investment that is undertaken in one period to influence the probability
of protection being imposed in the next period. VIEs are "voluntary
import expansions" which define quantity outcomes in the domestic
markets of the country on which they are imposed, as when U.S. requires
that a certain share of the Japanese market in an industry must be
supplied by U.S. exports by a certain date. |
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