Reviews

Arabic Edition of the British Council Map of Europe and the Middle East. Scale 1: 11,000,000. Royal Geographical Society

Iraq Irrigation Handbook: Part I. Euphrates. Compiled by Ahmed Sousa, under the direction of J. D. Atkinson. Published at Baghdad by the Government of Iraq, 1944. 10” × 7”. Pp. in, with 35 tables, 18 figures and 1 plate, also, in a portfolio 15” × 14”, 16 other plates. Price not stated.

Jenghis Khan. By W. Yan. Hutchinson International Authors, Ltd. 9s. 6d.

From Tunisia to Normandy. By Major‐General H. Rowan‐Robinson, C.B., C.M.G., D.S.O. Hutchinsoh.

Defence is Our Business. By Brigadier J. G. Smyth, V.C., M.C. Hutchinson and Co. 10s. 6d.

Anna and the King of Siam. By Margaret Landon. Illustrated by Margaret Ayer. John Day Co., New York. Pp. 391.

The Modern Prison System of India. By Lieut.‐Colonel F. A. Barker, C.I.E., O.B.E., M.A., M.D., B.C., I.M.S. (Retd.).

Fabian Colonial Essays. With an Introduction by A. Creech Jones, M.P., and edited by Dr. Rita Hinden. Geo. Allen and Unwin. Pp. 261. 8s. 6d. 1945.

Modern Exploration. F. Kingdon Ward. 124 pp. Published by Jonathan Cape at 6s.     

A Comment on Kellogg's Analysis

An American specialist on the Soviet and Russian military-industrial complex examines the economic, social and political tensions within one of the most important, closed nuclear cities in Russia. Based on an intensive examination of the city's daily newspaper, not heretofore available in the West, the author explores the implications of the current situation for prospective nuclear accidents or proliferation. Journal of Economic Literature, Classification Numbers: P29, R58, O18.     

The Conditional Nature of Political Risk: How Home Institutions Influence the Location of Foreign Direct Investment

What determines whether countries' institutions attract or deter investment? Although existing theories predict that multinational enterprises (MNEs) avoid locations where institutions cannot constrain public and private actors' opportunistic behavior, we argue host institutions' attractiveness depends on firms' home environment. Home country institutions shape firms' practices and capabilities, thus helping to determine the environments that firms are best prepared to face abroad. We test our predictions using multiple data sets at different levels of analysis: firm‐level data on MNEs' foreign subsidiaries, data on bilateral foreign direct investment (FDI) positions, and longitudinal data on bilateral FDI flows. We find that states with independent judiciaries are particularly attractive to investment from countries also possessing independent courts. Similarly, countries with low judicial independence disproportionately send FDI to countries lacking independent judiciaries. These findings' implications challenge conventional wisdom: “Good” institutions may not attract all investors, and “bad” institutions may not always deter, as current research suggests.