Ana Teresa Tavares-Lehmann is associate professor of economics at the School of Economics, University of Porto, and head of international business at the University of Porto Business School. Perrine Toledano is the head of extractive industries at the Columbia Center on Sustainable Investment (CCSI). Lise Johnson is the head of investment law and policy at CCSI. Lisa Sachs is the director of CCSI.

What are the costs and benefits of the incentives used to attract new foreign investment? How can governments maximize the positive impact of available capital? Rethinking Investment Incentives addresses these and other important questions in national foreign direct investment policy. This volume will be of great value to anyone seeking to explore the complicated set of issues surrounding contemporary investment incentives. -- Karl Sauvant, Columbia University In today's world, increasingly mobile multinational enterprises (MNEs) and immobile locations are locked in a co-evolutionary embrace. They need each other in the manner of bees and flowers. The benefits to locations from MNE knowledge spillovers create powerful arguments for government investment incentives. Hence I welcome this volume, edited as it is by four experts who collectively have many decades of relevant experience. They have assembled an enviable team of specialists who examine investment incentives from all the important perspectives - theory, practice and policy. I highly recommend this volume to scholars as well as policymakers. -- Ram Mudambi, Temple University

• Foreword 1. Introduction, by Ana Teresa Tavares-Lehmann, Lisa Sachs, Lise Johnson, and Perrine Toledano Part I: Invesment Incentives: An Introduction 2. Types of Investment Incentives, by Ana Teresa Tavares-Lehmann 3. Definitions, Motivations, and Locational Determinants of Foreign Direct Investment, by Sarianna M. Lundan Part II: A Global Overview of Investment Incentives 4. The Use of Investment Incentives: The Cases of R&D-Related Incentives and International Investment Agreements, by Christian Bellak and Markus Leibrecht 5. Incentives in the European Union, by Phillipe Gugler 6. Incentives in the United States, by Charles Krakoff and Chris Steele 7. Tax Incentives Around the World, by Sebastian James Part III: Designing Incentives Programs to Get Value for Money and Achieve Intended Goals 8. A Holistic Approach to Investment Incentives, by Louis Brennan and Frances Ruane 9. Investment Incentives for Sustainable Developmen, by James Zhan and Joachim Karl 10. Cost-Benefit Analysis of Investment Incentives, by Ellen Harpel Part IV: Reducing Incentives Competition: Regulatory Efforts to Limit "Races to the Bottom" 11. Regulation of Investment Incentives: National and Subnational Efforts to Regulate Competition for Investment Through the Use of Incentives, by Kenneth P. Thomas 12. Regulation of Investment Incentives: Instruments at an International/Supranational Level, by Lise Johnson 13. Conclusions: Outstanding Issues on the Design and Implementation of Incentives Policies, by Lise Johnson, Perrine Toledano, Lisa Sachs, and Ana Teresa Tavares-Lehmann Acknowledgments Contributors Index

Ana Teresa Tavares-Lehmann is associate professor of economics at the School of Economics, University of Porto, and head of international business at the University of Porto Business School. Perrine Toledano is the head of extractive industries at the Columbia Center on Sustainable Investment (CCSI). Lise Johnson is the head of investment law and policy at CCSI. Lisa Sachs is the director of CCSI.

What are the costs and benefits of the incentives used to attract new foreign investment? How can governments maximize the positive impact of available capital? Rethinking Investment Incentives addresses these and other important questions in national foreign direct investment policy. This volume will be of great value to anyone seeking to explore the complicated set of issues surrounding contemporary investment incentives. -- Karl Sauvant, Columbia University In today's world, increasingly mobile multinational enterprises (MNEs) and immobile locations are locked in a co-evolutionary embrace. They need each other in the manner of bees and flowers. The benefits to locations from MNE knowledge spillovers create powerful arguments for government investment incentives. Hence I welcome this volume, edited as it is by four experts who collectively have many decades of relevant experience. They have assembled an enviable team of specialists who examine investment incentives from all the important perspectives - theory, practice and policy. I highly recommend this volume to scholars as well as policymakers. -- Ram Mudambi, Temple University

• Foreword 1. Introduction, by Ana Teresa Tavares-Lehmann, Lisa Sachs, Lise Johnson, and Perrine Toledano Part I: Invesment Incentives: An Introduction 2. Types of Investment Incentives, by Ana Teresa Tavares-Lehmann 3. Definitions, Motivations, and Locational Determinants of Foreign Direct Investment, by Sarianna M. Lundan Part II: A Global Overview of Investment Incentives 4. The Use of Investment Incentives: The Cases of R&D-Related Incentives and International Investment Agreements, by Christian Bellak and Markus Leibrecht 5. Incentives in the European Union, by Phillipe Gugler 6. Incentives in the United States, by Charles Krakoff and Chris Steele 7. Tax Incentives Around the World, by Sebastian James Part III: Designing Incentives Programs to Get Value for Money and Achieve Intended Goals 8. A Holistic Approach to Investment Incentives, by Louis Brennan and Frances Ruane 9. Investment Incentives for Sustainable Developmen, by James Zhan and Joachim Karl 10. Cost-Benefit Analysis of Investment Incentives, by Ellen Harpel Part IV: Reducing Incentives Competition: Regulatory Efforts to Limit "Races to the Bottom" 11. Regulation of Investment Incentives: National and Subnational Efforts to Regulate Competition for Investment Through the Use of Incentives, by Kenneth P. Thomas 12. Regulation of Investment Incentives: Instruments at an International/Supranational Level, by Lise Johnson 13. Conclusions: Outstanding Issues on the Design and Implementation of Incentives Policies, by Lise Johnson, Perrine Toledano, Lisa Sachs, and Ana Teresa Tavares-Lehmann Acknowledgments Contributors Index

Ana Teresa Tavares-Lehmann is associate professor of economics at the School of Economics, University of Porto, and head of international business at the University of Porto Business School. Perrine Toledano is the head of extractive industries at the Columbia Center on Sustainable Investment (CCSI). Lise Johnson is the head of investment law and policy at CCSI. Lisa Sachs is the director of CCSI.

What are the costs and benefits of the incentives used to attract new foreign investment? How can governments maximize the positive impact of available capital? Rethinking Investment Incentives addresses these and other important questions in national foreign direct investment policy. This volume will be of great value to anyone seeking to explore the complicated set of issues surrounding contemporary investment incentives. -- Karl Sauvant, Columbia University In today's world, increasingly mobile multinational enterprises (MNEs) and immobile locations are locked in a co-evolutionary embrace. They need each other in the manner of bees and flowers. The benefits to locations from MNE knowledge spillovers create powerful arguments for government investment incentives. Hence I welcome this volume, edited as it is by four experts who collectively have many decades of relevant experience. They have assembled an enviable team of specialists who examine investment incentives from all the important perspectives - theory, practice and policy. I highly recommend this volume to scholars as well as policymakers. -- Ram Mudambi, Temple University

• Foreword 1. Introduction, by Ana Teresa Tavares-Lehmann, Lisa Sachs, Lise Johnson, and Perrine Toledano Part I: Invesment Incentives: An Introduction 2. Types of Investment Incentives, by Ana Teresa Tavares-Lehmann 3. Definitions, Motivations, and Locational Determinants of Foreign Direct Investment, by Sarianna M. Lundan Part II: A Global Overview of Investment Incentives 4. The Use of Investment Incentives: The Cases of R&D-Related Incentives and International Investment Agreements, by Christian Bellak and Markus Leibrecht 5. Incentives in the European Union, by Phillipe Gugler 6. Incentives in the United States, by Charles Krakoff and Chris Steele 7. Tax Incentives Around the World, by Sebastian James Part III: Designing Incentives Programs to Get Value for Money and Achieve Intended Goals 8. A Holistic Approach to Investment Incentives, by Louis Brennan and Frances Ruane 9. Investment Incentives for Sustainable Developmen, by James Zhan and Joachim Karl 10. Cost-Benefit Analysis of Investment Incentives, by Ellen Harpel Part IV: Reducing Incentives Competition: Regulatory Efforts to Limit "Races to the Bottom" 11. Regulation of Investment Incentives: National and Subnational Efforts to Regulate Competition for Investment Through the Use of Incentives, by Kenneth P. Thomas 12. Regulation of Investment Incentives: Instruments at an International/Supranational Level, by Lise Johnson 13. Conclusions: Outstanding Issues on the Design and Implementation of Incentives Policies, by Lise Johnson, Perrine Toledano, Lisa Sachs, and Ana Teresa Tavares-Lehmann Acknowledgments Contributors Index