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The Face Of The Market, Thomas Woodcock

Dissertations and Theses

This thesis reviews the effect on economic openness that can be established by the presence of strong Global Compact local networks. The work identifies three measures of openness and four sets of domestic conditions in which the Global Compact operates, respectively: (1) prevalence of trade, (2) measures of foreign direct investment and foreign portfolio investment and (3) policy indicators of openness, in respect to democracies with (a) strong local networks or (b) weak local networks, as well as autocratic regimes with (c) strong or (d) weak local networks. A comparative study follows, looking at twenty-three years of data across fifty …