Multinational Firms, Political Competition, and International Trade Policy
研究跨国公司如何影响由政治竞争决定的国际贸易政策。跨国公司因在多国拥有工厂而更倾向保护主义，但通过并购或直接投资增加跨国存在，反而会因改变企业政治支持激励而推动贸易自由化。
This paper considers how the presence of multinational firms influences international trade policy that is determined as the outcome of political competition. Multinational firms have plants to protect in all policy jurisdictions and, hence, are more protectionist than national firms that at least have an interest in free trade in export markets. Nonetheless, because of changed incentives for firms to provide political support for free-trade and protectionist candidates, an increased multinational presence via either merger or direct foreign investment has a liberalizing influence on trade policy. Copyright 1993 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.