This blog was originally published on Illuminem, and has been co-authored with Rhian-Mari Thomas. She is the CEO...
Financing Climate & Sustainable Development / Report
Diagnosing how the sovereign ceiling functions as a simplifying shortcut that can obscure meaningful differences across borrowers, and proposing an alternative credit rating approach based on disaggregating sovereign risk into specific transmission channels.
Do nation states have an economic interest in becoming home countries to MNEs? This Perspective’s tentative answer to the questions is “yes.” Other things being equal, extension of global reach, achieved through outgoing foreign direct investment by home country enterprises, is likely to more than make up for the tax losses and diminution of sovereignty these countries may experience.
Translations in Mandarin and Hebrew are also available via the “Download Resources” button.
