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"Effects of the growth of foreign ownership of, and penetration into, UK, Belgian, and Irish economic sectors, 1978-1996"

Breverton, T.D. (1997) "Effects of the growth of foreign ownership of, and penetration into, UK, Belgian, and Irish economic sectors, 1978-1996". In: UNSPECIFIED, Seattle, WA. (Unpublished)

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    Abstract

    EU trade policy operates in a framework which has tended to ignore governmental assistance to non-domestic multinational operations setting up/expanding in EU countries. At the same time, support for indigenous industries is illegal except in extreme, agreed circumstances. This differential policy has allowed certain substantial sectors of nations' economies to become foreign-owned, which can deleteriously affect a nation's ability to fund socio-economic policies. National governments and regions compete to attract non-national companies, while being unable to support domestic companies against this new competition. Along with increased market shares of foreign imports, this displacement of "national" ownership of the economy leads to an important decline in the GNP:GDP ratio, mainly because of transfer pricing and tax avoidance.

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    Item Type: Conference or Workshop Item (UNSPECIFIED)
    Subjects for non-EU documents: Countries > U.K.
    Countries > Ireland
    Countries > Belgium
    EU policies and themes > Policies & related activities > economic and financial affairs > business/private economic activity
    EU policies and themes > EU institutions & developments > institutional development/policy > historical development of EC (pre-1986)
    EU policies and themes > Policies & related activities > economic and financial affairs > trade policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 1997 (5th), May 29-June 1, 1997
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 20 Nov 2006
    Page Range: p. 22
    Last Modified: 15 Feb 2011 17:22
    URI: http://aei.pitt.edu/id/eprint/2539

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