Tax incentives for foreign direct investment - part I : recent trends and countertrends

Examines evidence that suggests that tax considerations are an increasingly important factor in investment decisions and that special tax incentives have lately become substantially more effective as instruments for attracting foreign direct investment (FDI). Also reviews trends in national policies towards foreign direct investment, suggests why investment incentives have become more important and more effective, and looks at the pressures exerted on governments, especially in developing countries, to compete for FDI by offering special incentives.