rational choice theory

State Capitalism and FDI Expropriation in Latin America

This article focuses on state capitalism in Latin America and examines what causes the expropriation of foreign direct investment (FDI) in this region. We argue that leaders’ concerns over their political survival affect FDI expropriation in Latin American countries. Specifically, when leaders sense a higher level of political constraints and political insecurity, they are more likely to take unilateral action, i.e., by expropriating FDI. This argument illustrates one important feature of state capitalism: governments utilize markets to serve political goals.

How Can an Institution End Itself: The Case of Japan's Electoral Reform

Existing studies on single nontransferable voting system under multi-member district (SNTV-MMD) have focused mainly on its proportionality and consequences and paid little attention to its changeablility. When Japan did replace it with a new electoral system in 1994, most works ascribed the reform to the discontent toward corruption induced by the old system. Such a theory accounted for neither the timing nor the outcome of the reform.

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