Transnational Corporations and Repression of Political Rights and Civil Liberties: An Empirical Analysis
用计量方法系统探究外国投资与民主的关系，发现1990年代民主权利增强与更高外资流入相关，但1970-80年代这一正相关不成立。
Summary Transnational Corporations are often accused by non‐governmental organisations of ignoring fundamental democratic rights, such as civil liberties and political rights, in the countries of their investments. This paper attempts to explore empirically the complex relationship between foreign investment and democracy in a systematic way, using different econometric techniques. In contrast to the public discussion over recent years and the view held by non‐governmental organisations, the results show that enhanced democratic rights are associated with higher foreign investment in the 1990s. Interestingly, this positive link does not hold for the 1970s and 1980s, when a substantial portion of foreign investment went to countries with repressive governments.