 The Historical, Political and Economic Context: An IntroductionRobert B. Dickie and
Thomas A. Layman
Chapter 1 in Foreign Investment and Government Policy in the Third World, 1988, pp 1-27 from Palgrave Macmillan Abstract: Abstract The tragedy at Union Carbide’s plant in Bhopal, India, late in 1984 raises a host of difficult legal, economic and policy issues. The headlines were filled with news of the disaster and of the filing of lawsuits by plaintiffs’ lawyers, including ‘King of Torts’ Melvin Belli, for billions of dollars. Yet most of the attention merely reacted to the events and missed fundamental questions: Why was the plant built? Why did a foreign company have working control? What interests were served by the fact that Indian nationals owned a majority of the equity stock in the subsidiary and that the plant managers were Indians? Should countries accept foreign economic presence only in the form of financial capital, or management or both? Management is often sought because of the need to use foreign managers to train indigenous ones (this process was thought to have been completed at Bhopal). Should such issues affect how investments are regulated in terms of the environment, safety, and other interests? Keywords: Direct Foreign Investment; Foreign Investment; Commercial Bank; Foreign Capital; Foreign Direct Investment Flow (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09157-7_1 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-09157-7_1 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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