Publications

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July 2007
Teaching Note

Foreign Direct Investment and South Africa (TN)

By: Eric D. Werker

Teaching Note to 707019. View Details

Keywords: Foreign Direct Investment; Governing Rules, Regulations, and Reforms; Investment; Decisions; Economic Growth; Private Sector; Balance and Stability; South Africa

1973
Book

Money in the Multinational Enterprise: A Study in Financial Policy

By: Sidney M. Robbins and Robert B. Stobaugh

Keywords: Money; Multinational Firms and Management; Finance; Policy

2012
Working Paper

Unobserved State Fragility and the Political Transfer Problem

By: Faisal Z. Ahmed and Eric Werker

Autocrats experiencing a windfall in unearned income may find it optimal to donate to other countries some of the windfall in order to make the state a less attractive prize to potential insurgents. We put forward a model that makes that prediction, as well as the... View Details

Keywords: International Finance; Non-Renewable Energy; International Relations; Economics

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December 2007 (Revised September 2009)
Case

Wall Street's First Panic (A)

By: David A. Moss and Cole Bolton

In the early 1790s, a flood of newly issued public and private securities sparked an investment boom in the nascent United States. In New York, the bustling commercial district along Wall Street emerged as the center of the city's securities trade. One of the many... View Details

Keywords: History; Financial Instruments; Auctions; Financial Crisis; Business and Government Relations; Financial Services Industry

March 2001 (Revised February 2004)
Case

Power to the States: "Fiscal Wars" for FDI in Brazil

By: Laura Alfaro, Yasheng Huang and Marios S. Kalochoritis

On January 6, 1999, Itamar Franco, the governor of the state of Minas Gerais, the second-largest state in Brazil, declared a 90-day moratorium on its debt payment to the federal government. The announcement triggered a run on the Brazilian currency, the Real, and... View Details

Keywords: International Relations; Investment; Financial Crisis; Borrowing and Debt; Brazil

April 1995 (Revised August 1995)
Case

World Trade Organization, The: Toward Free Trade or World Bureaucracy?

By: George C. Lodge and Jack High

In January 1995, the General Agreement on Tariffs and Trade (GATT) evolved into the World Trade Organization (WTO), which faced the task of implementing the recently approved Uruguay Round of international trade agreements. This case describes the development of GATT,... View Details

Keywords: Trade; Agreements and Arrangements; Negotiation Process; Business and Government Relations

February 1999 (Revised November 2009)
Case

Michael Brown: Negotiating Slots at Foxwoods (A)

By: James K. Sebenius

The issues of the impending negotiation between the CEO of Foxwoods and the governor of Connecticut over lifting the ban on slot machines at Foxwoods are presented. Reviews the gaming business in the United States, the special history of Indian gaming, the Pequot... View Details

Keywords: Financial Crisis; Games, Gaming, and Gambling; Policy; Negotiation Deal; Business and Government Relations; Entertainment and Recreation Industry; Connecticut

2012
Chapter

Lessons for the Financial Sector from 'Preventing Regulatory Capture: Special Interest Influence, and How to Limit It'

By: Daniel Carpenter, David Moss and Melanie Wachtell Stinnett

In the wake of the global financial crisis of 2007–09, regulatory capture has become at once a diagnosis and a source of discomfort. The word “capture” has been used by dozens upon dozens of authors—ranging from pundits and bloggers to journalists and leading... View Details

Keywords: Regulatory Capture; Governing Rules, Regulations, and Reforms; Financial Crisis

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01 Mar 2009
News

Buddy, Can You Spare a Trillion

Beijing is America’s largest foreign creditor. But how long will the Chinese continue to finance U.S. deficit spending? Illustration by Stuart Bradford In his new book, The Ascent of Money: A Financial History of the World, HBS professor and View Details

Keywords: Finance; Publishing Industries (except Internet); Information

02 Jan 2020
News

Empowering Rural Communities

nor would it be limited by the financial restrictions that govern nonprofit electrical cooperatives. Instead, it would have both the incentive and the flexibility to bring renewable power to communities that would benefit View Details

Keywords: April White; Electric Power Generation, Transmission, Distribution; Utilities

1986
Chapter

Promise Them Anything: The Incentive Structures of Local Public Pension Plans

By: Dutch Leonard

Keywords: Compensation and Benefits; Public Sector; Government and Politics; Local Range; Motivation and Incentives

April 1992 (Revised June 1994)
Case

Grappling with Garbage: The Bandung Municipal Cleansing Enterprise, P.D. Kerbersihan

By: James E. Austin

Keywords: Wastes and Waste Processing; Business and Government Relations; Developing Countries and Economies; Environmental Sustainability; Indonesia

01 Dec 2012
News

Rival Visions

exemplifies energetic government and vigorous federal programs for economic growth. Gallatin symbolizes low taxes and less intrusion by government." Not surprisingly, the two men (after whom two HBS... View Details

01 Sep 2011
News

Extraordinary People

make a difference in her own community when then governor John Baldacci of Maine asked for help in creating new jobs to soften the economic impact of a local Navy base closure. Her 2009 Presidential appointment to the SBA was both a... View Details

February 2020 (Revised August 2021)
Case

Australia: Commodities, Competitiveness, Climate and China

By: Richard H.K. Vietor and Laura Alfaro

For the past few decades, Australia has dealt with the benefits and costs of repeated mining booms—inflation, a housing bubble, a current account deficit, and growing dependence on China. Between 1996 and 2007, however, Australia had most of these issues under control... View Details

Keywords: Commodities; Competitiveness; Carbon Tax; Environment; Capital Flows; Current Account; Mining; Economy; Problems and Challenges; Climate Change; Taxation; Competition; Financial Condition; Government and Politics; Inflation and Deflation; Environmental Sustainability; Australia