Popular Attitudes, Globalization, and Risk

Marcus Noland

No WP04-2, Working Paper Series from Peterson Institute for International Economics

Abstract: Popular opposition to globalization may be interpreted as xenophobia or hostility to market economics and signal country risk, including the degree of security risk - the possibility that local staff of facilities could be subject to discriminatory treatment, harassment, or attack. This paper integrates the Pew Global Attitudes data into a series of economic models on foreign direct investment (FDI), sovereign ratings, and local entrepreneurship and finds that some responses correlate with economic variables of interest, conveying information beyond what can be explained through standard models. More tolerant countries attract more FDI, obtain better ratings, and exhibit more entrepreneurship.

Keywords: Globalization; risk; foreign direct investment; sovereign ratings; entrepreneurship (search for similar items in EconPapers)
JEL-codes: F2 M13 O24 (search for similar items in EconPapers)
Date: 2004-08
New Economics Papers: this item is included in nep-dev and nep-ent
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Journal Article: Popular Attitudes, Globalization and Risk (2005)
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