Trade, foreign investment, and security

被引:29
作者
Rosecrance, R [1 ]
Thompson, P [1 ]
机构
[1] Univ Calif Los Angeles, Dept Polit Sci, Los Angeles, CA 90095 USA
关键词
factor flows; symmetry/asymmetry of investment; portfolio investment; conflict;
D O I
10.1146/annurev.polisci.6.121901.085631
中图分类号
D0 [政治学、政治理论];
学科分类号
0302 ; 030201 ;
摘要
Trade interdependence does not always reduce hostility between states. It depends on whether the trade represents vulnerability or sensitivity interdependence. Portfolio investment also does not represent a tie that binds politically. Even more important, foreign direct investment (FDI) represents a link that is costly (and time-consuming) to break. Thus, FDI links between countries are more likely to reduce conflict than trading links. Evidence shows that symmetrical FDI is the most stable guarantor of low conflict between countries. One factor generating conflict may be that scarce factors of production are in political command. Abundant factors, now more generally in power among developed states, may be partly responsible for the diminishment of conflict among these states in recent years.
引用
收藏
页码:377 / 398
页数:22
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