| By: |
Libman, Alexander;
Ushkalova, Daria |
| Abstract: |
The paper approaches the problem of differentiation of strategies implemented
by individual countries in the institutional competition for foreign
investments by looking at the experience of Kazakhstan. It basically focuses
on the contradiction between political bias and political survival effects as
driving forces for development and implementation of formal economic
institutions. Kazakhstan demonstrates how the shift of relative importance of
these two aspects significantly influenced the country’s position in competing
for FDI. Moreover, the paper looks at the relative importance of individual
levels of institutional competition in a globalizing economy. |
| Keywords: |
Institutional competition; FDI policy; post-Soviet transition |
| JEL: |
P26 |
| Date: |
2009–01 |
| URL: |
http://d.repec.org/n?u=RePEc:pra:mprapa:12595&r=cis |