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Popular Attitudes, Globalization, and Risk

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  • Marcus Noland

    (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.

Suggested Citation

  • Marcus Noland, 2004. "Popular Attitudes, Globalization, and Risk," Working Paper Series WP04-2, Peterson Institute for International Economics.
    • Handle: RePEc:iie:wpaper:wp04-2
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    Cited by:

    1. Lamara Hadjou, 2012. "Insertion of Algeria in globalization: an approach based on commercial affinities [Insertion de l'Algérie dans la mondialisation : une approche par les affinités commerciales]," Post-Print hal-02804700, HAL.
    2. Philipp Harms & Jakob Schwab, 2019. "Like it or not? How the economic and institutional environment shapes individual attitudes towards multinational enterprises," The World Economy, Wiley Blackwell, vol. 42(3), pages 636-679, March.
    3. Brahma, Sanjukta & Gavriilidis, Konstantinos & Kallinterakis, Vasileios & Verousis, Thanos & Zhang, Mengyu, 2023. "LGBTQ and finance," International Review of Financial Analysis, Elsevier, vol. 86(C).
    4. Marcus Noland, 2005. "Affinity and International Trade," Working Paper Series WP05-3, Peterson Institute for International Economics.
    5. Jeffrey C. Dixon & Murat Ergin, 2010. "Explaining Anti-Kurdish Beliefs in Turkey: Group Competition, Identity, and Globalization," Social Science Quarterly, Southwestern Social Science Association, vol. 91(s1), pages 1329-1348.
    6. Charlotta Mellander & Richard Florida, 2011. "Creativity, talent, and regional wages in Sweden," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 46(3), pages 637-660, June.
    7. Trung V. Vu, 2022. "Linking LGBT inclusion and national innovative capacity," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 159(1), pages 191-214, January.
    8. Verdier, Thierry & Suwa-Eisenmann, Akiko & Cadot, Olivier & Geoffard, Pierre-Yves, 2006. "Scared by Foreigners and their Products? Survey Evidence from France," CEPR Discussion Papers 5544, C.E.P.R. Discussion Papers.
    9. Chun-Ping Chang & Chien-Chiang Lee & Meng-Chi Hsieh, 2011. "Globalization, Real Output and Multiple Structural Breaks," Global Economic Review, Taylor & Francis Journals, vol. 40(4), pages 421-444, December.
    10. Dr. Saundarya Rajesh & Ms. Anju Rakesh & Ms. Nisha Chandran & Dr. Divya Kumar, 2021. "Aspirations and Challenges of LGBTQIA+ Community in India," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(2), pages 31-37, February.
    11. Marcus Noland & Tyler Moran & Barbara Kotschwar, 2016. "Is Gender Diversity Profitable? Evidence from a Global Survey," Working Paper Series WP16-3, Peterson Institute for International Economics.
    12. Joonghyun Kwak & Michael Wallace, 2018. "The Impact of the Great Recession on Perceived Immigrant Threat: A Cross-National Study of 22 Countries," Societies, MDPI, vol. 8(3), pages 1-23, July.
    13. Badgett, M.V. Lee & Waaldijk, Kees & Rodgers, Yana van der Meulen, 2019. "The relationship between LGBT inclusion and economic development: Macro-level evidence," World Development, Elsevier, vol. 120(C), pages 1-14.
    14. Alberto Gherardini & Antonio Russo, 2014. "I vettori dell?innovazione nei cluster europei dell?ICT," ECONOMIA E SOCIET? REGIONALE, FrancoAngeli Editore, vol. 2014(2), pages 161-186.
    15. Chi Jin & Bo Li & Zhaoying Ye & Pengcheng Xiang, 2021. "Identifying the Non-Traditional Safety Risk Paths of Employees from Chinese International Construction Companies in Africa," IJERPH, MDPI, vol. 18(4), pages 1-19, February.

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    More about this item

    Keywords

    Globalization; risk; foreign direct investment; sovereign ratings; entrepreneurship;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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