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Popular Attitudes, Globalization, and Risk

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  • Marcus Noland

    ()
    (Peterson Institute for International Economics)

Abstract

Popular opposition to globalization may be interpreted as xenophobia or hostility to market economics and signal country risk, including the degree of security risk - the possibility that local staff of facilities could be subject to discriminatory treatment, harassment, or attack. This paper integrates the Pew Global Attitudes data into a series of economic models on foreign direct investment (FDI), sovereign ratings, and local entrepreneurship and finds that some responses correlate with economic variables of interest, conveying information beyond what can be explained through standard models. More tolerant countries attract more FDI, obtain better ratings, and exhibit more entrepreneurship.

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Bibliographic Info

Paper provided by Peterson Institute for International Economics in its series Working Paper Series with number WP04-2.

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Date of creation: Aug 2004
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Handle: RePEc:iie:wpaper:wp04-2

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Keywords: Globalization; risk; foreign direct investment; sovereign ratings; entrepreneurship;

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Cited by:
  1. Chun-Ping Chang & Chien-Chiang Lee & Meng-Chi Hsieh, 2011. "Globalization, Real Output and Multiple Structural Breaks," Global Economic Review, Taylor & Francis Journals, vol. 40(4), pages 421-444, December.
  2. Charlotta Mellander & Richard Florida, 2011. "Creativity, talent, and regional wages in Sweden," The Annals of Regional Science, Springer, vol. 46(3), pages 637-660, June.
  3. Lamara HADJOU, 2012. "Insertion de l'Algérie dans la mondialisation : une approche par les affinités commerciales," Working Papers 183725, Institut National de la Recherche Agronomique, France.
  4. Cadot, Olivier & Geoffard, Pierre-Yves & Suwa Eisenmann, Akiko & Verdier, Thierry, 2006. "Scared by Foreigners and their Products? Survey Evidence from France," CEPR Discussion Papers 5544, C.E.P.R. Discussion Papers.
  5. Marcus Noland, 2005. "Affinity and International Trade," Working Paper Series WP05-3, Peterson Institute for International Economics.

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