Professor Louis T. Wells is the Herbert F. Johnson Professor of International Management at the Harvard Business School. He has served as consultant to governments of a number of developing countries, as well as to international organizations and private firms. His principal consulting activities have been concerned with foreign investment policy and with negotiations between foreign investors and host governments.
His research interests include multinational enterprises; international business-government relations; foreign investment in developing countries; and foreign investment by firms from developing countries. He was the Coordinator for Indonesia Projects, Harvard Institute for International Development, Jakarta, Indonesia, in 1994-5. His associations include: Fellow -Academy of International Business, member - Foreign Advisory Board - Lahore Business School, and member - Council on Foreign Relations.
Professor Wells received a BS in Physics from Georgia Tech and his MBA and DBA from the Harvard Business School.
Lansen, A. J., and L. T. Wells Jr. Plantage-, Handels-, en Mijngeld van Nederlands Indië. Oosteinde, Netherlands: Mevius Numisbooks International, 2001.
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Vernon, R., L. T. Wells Jr., and S. Rangan. Manager in the International Economy. 7th ed. Englewood Cliffs, NJ: Prentice Hall, 1995. (Wells was co-author with R. Vernon of the second through fifth editions, as well. An earlier edition was also published in Korean.)
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Vernon, R., and L. T. Wells Jr. Economic Environment of International Business. 5th ed. Englewood Cliffs, NJ: Prentice Hall, 1991. (Wells was a co-author of the first through fourth editions, as well. One edition was published in Chinese by the editorial staff of the Shanghai San-Lian Bookstore, 1990.)
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Wells, L. T., Jr. Teaching Manual for Manager in the International Economy. Englewood Cliffs, NJ: Prentice Hall, 1991. (Latest version is for the 6th edition.)
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Wells, L. T., Jr., Malcolm Gillis, and Meyer W. Bucovetsky. Taxation and Mining: Non Fuel Minerals in Bolivia and Other Countries. Cambridge, MA: Ballinger Publishing Company, 1978. (Wells wrote or was co-author of chapters 5, 7, 8, and 9.)
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Host governments have often sought some equity in mining and other foreign investment projects, but as shareholders they have rarely gained what they anticipated. Only in special cases might the benefits to governments outweigh the risks and often unanticipated costs governments encounter.
Few numismatic fields are as unexplored as the tokens of what was once the Belgian Congo. Although the head (and “extra-wife”) tokens have been thoroughly cataloged, I have found only one very early and incomplete attempt, by Mahieu in the 1920s, to report other tokens from this vast territory. Most of the tokens in this article that have not been previously listed were obtained in markets in Kinshasa between 2000 and 2005. Given the poor communications and regional violence, tokens from the eastern and even central part of the Congo were unlikely to appear in this western-located city. Probably many more tokens were issued in association with the Congo's important mines and plantations. This “Part I” article should serve as a start for the development of a “Part II” with a more complete list and history of issuing companies. Until then, the tokens of the former Belgian Congo and its independent successor states remain largely in darkness.
The Asian Currency Crisis led to the collapse of agreements Indonesia had negotiated for private electric power only a few years earlier. The ensuing struggle meant bad publicity and several hundred million dollars in costs for Indonesia. As Indonesia in 2007 was designing a new law that would pass the constitutional test and encourage private investors in electric power, it was not clear that officials had fully understood the lessons of the recent disputes. Problems lay less in the legal framework than in lack of information about deals elsewhere, the institutional structure for negotiations and renegotiations, and the personal interests of highly placed individuals. The resulting power purchase agreements had led to high prices for electricity, imbalances of risks and rewards, and an unwillingness of officials to use the most effective defenses when disputes arose. Learning from the past should help officials not to make similar mistakes in the future.
Wells, L. T., Jr. "Protecting Foreign Investors in the Developing World: A Shift in U.S. Policy in the 1990s?"Transnational Dispute Management 1, no. 3 (July 2004). (Published as "Protecting Foreign Investors in the Developing World: A Shift in U.S. Policy in the 1990s?" In International Business and Government Relations in the 21st Century: In Honor of Jack Behrman, edited by Robert Grosse. Cambridge: Cambridge University Press, 2005.)
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Wells, L. T., Jr., and D. Encarnation. "Sovereignty en Garde: Negotiating with Foreign Investors." International Organization 39, no. 1 (winter 1985): 47–78. (Reprinted in Benjamin Gomes-Casseres and David B. Yoffie (eds.) The International Political Economy of Direct Foreign Investment. London: Edward Elgar Publishing Ltd., 1993.)
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Wells, L. T., Jr. "Small Scale Manufacturing as a Competitive Advantage." A Decade of Debate on Multinational Corporations. Portfolio: International Economic Perspectives 10, no. 3 (1985). (Also in T.H. Moran (ed.) Multinational Corporations: The Political Economy of Foreign Direct Investment. Lexington: Lexington Books, 1985. pp. 119-136.)
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Wells, L. T., Jr., and N. Fagre. "Bargaining Power of Multinationals and Host Governments."Journal of International Business Studies 13, no. 2 (Fall 1982). (Reprinted in Philip Grub, Fariborz Ghadar, and Dara Khambata (eds.) The Multinational Enterprise in Transition, 2d ed. Princeton: The Darwin Press, 1984.)
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Wells, L. T., Jr. "Strategies of Multinational Firms: New Third World Multinationals." Tatung Life (January 1, 1980). (in Chinese and English.)
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Wells, L. T., Jr. "Negotiating with Third World Governments."Harvard Business Review 55, no. 1 (January–February 1977). (Abridged version in AMA Marketing News, June 1977. Also reprinted in Douglas N. Dickson (ed.) Managing Effectively in the World Marketplace. New York: John WIley & Sons, 1983.)
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Wells, L. T., Jr., and David N. Smith. "Conflict Avoidance in Concession Agreements."Harvard International Law Journal 17, no. 1 (winter 1976). (Also reprinted in Robert Hellawell and Don Wallace (eds.) Negotiating Foreign Investments: A Manual for the Third World. Washington International Law Institute, 1982.)
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Wells, L. T., Jr. "Social Cost/Benefit Analysis for MNC's."Harvard Business Review 53, no. 2 (March–April 1975). (Also reprinted in Frederick D.S. Choi, Essentials of Multinational Accounting: An Anthology. UMI, 1979; and Douglas N. Dickson (ed.) Managing Effectively in the World Marketplace. New York: John Wiley & Sons, 1983.)
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Wells, L. T., Jr. "Don't Overautomate Your Foreign Plant."Harvard Business Review 52, no. 1 (January–February 1974). (Also reprinted in Douglas N. Dickson (ed.) Managing Effectively in the World Marketplace. New York: John Wiley & Sons, 1983.)
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There are at least three reasons for the current backlash among developing countries against the international regime that governs disputes between foreign investors and host governments. First is the inconsistency of the decisions rendered by arbitration panels established under bilateral investment treaties, investment provisions of regional trade agreements, clauses in investment contracts, and, occasionally, provisions of host countries' investment laws. Second, and perhaps most important, is the very rigid view of contracts that panels have tended to take, even when a host country acts as a result of an economic crisis. A third cause of backlash is closely related to the second: the seeming insensitivity of arbitration panels to signals that corruption or incompetency might have been involved in the original negotiations or subsequent renegotiations of agreements that gave rise to disputes. There are other reasons for reaction, but they pose less threat to the existing system.
Although the ideal solution would be a multilateral agreement, past efforts to conclude one suggest that reaching agreement is unlikely in the near future. Building an appellate process, providing for symmetry in access to arbitration, and mid-point guidance might go some distance toward reducing the backlash.
Wells, Louis T. "Backlash to Arbitration: Three Causes." Chap. 14 in The Backlash Against Investment Arbitration: Perceptions and Reality, edited by Michael Waibel, Asha Kaushal, Kyo-Hwa Chung, and Claire Balchin, 341–352. Alphen aan den Rijn, Netherlands: Kluwer Law International, 2010.
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Wells, Louis T. "Property Rights for Foreign Capital: Sovereign Debt and Private Direct Investment in Times of Crisis." In The Yearbook on International Investment Law and Policy 2008/2009, edited by Karl P. Sauvant. New York: Oxford University Press, 2009.
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Wells, L. T., Jr. "Third World Multinationals: A Look Back." Chap. 2 in Emerging Multinationals in Emerging Markets, edited by Jitendra V. Singh and Ravi Ramamurti. New York: Cambridge University Press, 2009.
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Wells, L. T., Jr. "The New International Property Rights: Can the Foreign Investor Rely on Them?" In International Political Risk Management: Looking to the Future. Vol. III, edited by Theodore H. Moran and Gerald T. West. Washington, D.C.: World Bank, 2005.
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Wells, L. T., Jr., and John M. Stopford. "Managing the Multinational Enterprise." In International Business, edited by Peter Buckley.The History of Management Thought. Aldershot, U.K.: Ashgate Publishing, 2003. (Originally published as chapter 2 of John M. Stopford and L.T. Wells, Managing the Multinational Enterprise. New York: Basic Books, 1972.)
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Wells, L. T., Jr. "Multinationals and the Developing Countries." In The New Economic Analysis of Multinationals, edited by Thomas Brewer, Stephen Guisinger, and Stephen Young. Northampton, U.K.: Edward Elgar Publishing, 2003. (Originally published in Journal of International Business Studies 29, no. 1, pp. 101-114.)
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Wells, L. T., Jr., and T. Moran. "God and Fair Competition: Does the Foreign Direct Investor Face Still Other Risks in Emerging Markets." In Managing International Political Risk, edited by Theodore Moran. Oxford: Blackwell Publishers, 1998.
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Wells, L. T., Jr. "Marketing a Region for Trade and Investment." In Africa and the American Private Sector: Corporate Perspectives on a Growing Relationship, pp. 77–88. Washington, D.C.: Corporate Council on Africa, 1997.
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Wells, L. T., Jr. "Antagonism or Equanimity: U.S. Multinationals and Regional Trading Blocs." In The World Economy: Challenges of Globalization and Regionalization, edited by Marjan Svetlicic and H. W. Singer, pp. 165–186. London: Macmillan Press, 1996.
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Wells, L. T., Jr. "Foreign Direct Investment." In Asia and Africa: Legacies and Opportunities, edited by D. L. Lindauer and M. Roemer. San Francisco: ICS Press, 1994.
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Wells, L. T., Jr. "Foreign Investment." In Asia and Africa: Legacies and Opportunities, edited by D. L. Lindauer and M. Roemer. San Francisco: ICS Press, 1994.
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Wells, L. T., Jr. "Promoting Foreign Investment: Opportunities and Pitfalls for Host Countries." In Promoting Foreign Direct Investment in Developing Countries, 43–53. Paris: Organisation for Economic Co-operation and Development (OECD), 1993.
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Wells, L. T., Jr. "Marketing Strategies to Attract Foreign Investment." In Multinationals in the Global Political Economy, edited by L. Eden and E. Potter, pp. 168–186. New York: St. Martin's Press, 1993.
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Wells, L. T., Jr. "Motivations for Foreign Investment." In The International Political Economy of Direct Foreign Investment. 2 vols. Edited by B. Gomes-Casseres and D. B. Yoffie. London, England: Edward Elgar Publishing, 1993. (This is adapted from Third World Multinationals: The Rise of Foreign Investment from Developing Countries, pp. 67-89.)
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Wells, L. T., Jr. "Foreign Investment in Southeast and East Asia: Lessons for Ghana." In Ghana's Development: Strategic Lessons from Asia, edited by Richard H. Goldman, Michael Roemer, Donald R. Snodgrass, and L. T. Wells Jr..Development Discussion Paper. Cambridge: Harvard Institute for International Development, 1992. (Also published as CAER Discussion Paper No. 11, March 1992. Also in Journal of Ghanaian Economic Society (1995))
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Wells, L. T., Jr. "A Modo de Resumen." In Exporter: UN Gran Desafio Para Chile, edited by Carlos F. Caceres, Felipe P. Larrain, and Gregory C. Nicalaidis, 349–59. Santiago: Editorial Universitaria, 1988.
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Wells, L. T., Jr. "Effects of Foreign Investment." In The Role of the Private Sector in Fostering/Responding to Global Structural Change, edited by Andrew R. Blair and Josephine E. Olson, 21–31. Pittsburgh: University of Pittsburgh, 1988.
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Wells, L. T., Jr. "Evaluating Foreign Investment with Special Reference to Southeast Asia." In Direct Foreign Investment: Costs and Benefits, edited by Richard D. Robinson. New York: Greenwood Press, 1987. (Also in Chinese Academy of Social Science paper series (in Chinese) and reprinted in T. H. Moran (ed.), Governments and Transnational Corporations (London and New York: Rutledge, 1993), pp. 285-308.)
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Wells, L. T., Jr., and Amir Mahini. "Government Relations in the Global Firm." In Competition in Global Industries, edited by M. E. Porter. Boston, MA: Harvard Business School Press, 1986. (Also in Competizione Globale, published by Isvor-Fiat, Turin, Italy, 1987.)
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Wells, L. T., Jr., and Dennis J Encarnation. "Evaluating Foreign Investment." In Investing in Development: New Roles for Private Capital, edited by T. H. Moran, pp.61–86. Washington, D.C.: Transaction Books, 1986. (Also reprinted in Fariborz Ghador (ed.), Multinational Enterprise in Transition (Princeton, N.J: The Darwin Press, Inc., 1986), pp. 347-372.)
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Wells, L. T., Jr. "New and Old Multinationals: Competitors or Partners?" In Multinationals of the South: New Actors in the
International Economy, edited by Kushi M. Khan. London: Pinter Publishers, 1986. (Reprinted in Technology Development and Overseas Investment (Taipei: Macagno, Webb, & Associates, 1988), pp. 71-84.)
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Wells, L. T., Jr. "Multinationals from Asian Developing Countries." In Research in International Business and Finance. 4 (Part A), edited by Richard W. Moxon, Thomas Roehl, and J. Frederick Truitt. Greenwich, CT: JAI Press, 1984.
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Wells, L. T., Jr. "International Trade: The Product Life Cycle Approach." In International Business: Issues and Concepts, edited by Reed Moyer. New York: John Wiley & Sons, 1984. (Reprint from The Product Life Cycle and International Trade.)
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Wells, L. T., Jr. "Foreign Investors from the Third World." In Multinationals from Developing Countries, edited by Krishna Kumar and Maxwell McLeod. Lexington, MA: D.C. Heath and Company, 1981.
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Wells, L. T., Jr. "The International Product Life Cycle and United States Regulation of the Automobile Industry." In Government, Technology, and the Future of the Automobile, edited by William H. Abernathy and Douglas H. Ginsburg. New York: McGraw-Hill, 1980.
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Wells, Louis T., Meyer Bucovetsky, and Malcolm Gillis. "Comparative Mining Taxes." Chap. 5 in Taxation and Mining: Non-fuel Minerals in Bolivia and Other Countries, edited by Malcolm Gillis. Cambridge, MA: Ballinger Publishing Company, 1978.
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Gillis, Malcolm, Louis T. Wells, and Brian Wright. "Evaluation of the Present System of Mining Taxation." Chap. 7 in Taxation and Mining: Non-fuel Minerals in Bolivia and Other Countries, edited by Malcolm Gillis. Cambridge, MA: Ballinger Publishing Company, 1978.
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Gillis, Malcolm, Louis T. Wells, and Ulrich Petersen. "Issues and Policies Related to Mining Tax Reform." Chap. 9 in Taxation and Mining: Non-fuel Minerals in Bolivia and Other Countries, edited by Malcolm Gillis. Cambridge, MA: Ballinger Publishing Company, 1978.
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Gillis, Malcolm, Louis T. Wells, Glenn Jenkins, and Brian Wright. "Alternatives for Mineral Tax Reform." Chap. 8 in Taxation and Mining: Non-fuel Minerals in Bolivia and Other Countries, edited by Malcolm Gillis. Cambridge, MA: Ballinger Publishing Company, 1978.
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Wells, L. T., Jr. "The Internationalization of Firms from Developing Countries." In Multinationals from Small Countries, edited by Tamir Agmon and Charles P. Kindleberger. Cambridge, MA: MIT Press, 1977.
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Wells, L. T., Jr. "More or Less Poverty? The Economic Effects of the MNE at Home and in the LDC's." In The Case for the Multinational Corporation: Six Scholarly Views, edited by Carl H. Madden. New York: Praeger, 1976.
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Wells, L. T., Jr. "Automobiles." In Big Business and the State: Changing Relations in Western Europe, edited by R. Vernon. Cambridge: Harvard University Press, 1974.
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Wells, Louis T., Jr. "National Policies in an International Industry: The Europeans and Automobiles." In Bedrifter I Okende Internasjonal Kon-Kurranse. Bergen: Norges Handelshøyskole Kursvirksomhet, 1973.
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Wells, Louis T. "Caselets: Bribery and Extortion in International Business and Caselets (Abridged)(TN)." Harvard Business School Teaching Note 712-017, September 2011.
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Describes the emergence of several kinds of efforts to assure the safety of foreign investment in emerging markets: international arbitration, expanded official political risk insurance, credit from government agencies, and intervention by investors' home governments. Points out the roles of bilateral investment treaties and regional economic agreements in making arbitration accessible to an increasing number of foreign investors. Views the various arrangements as substitutes for a global agreement on foreign direct investment that would parallel the WTO for trade given that attempts to negotiate a comprehensive arrangement have so far failed. Also, presents several criticisms of the current system.
Japan experienced rapid growth in the 1950s and 1960s while following a set of policies that differ from current policies in fashion. Although some observers believe that Japanese growth occurred in spite of the policies rather than because of them, several countries have looked to Japan's approach during this period as a way to accelerate their own growth. This case provides data on performance and describes the important institutions, policies, and control tools that were used in Japan. A rewritten version of two earlier cases.
The French-owned Aguas Argentinas faces a demand from the Argentine government that it renegotiate its concession to operate the Buenos Aires water and sewage services. The company must decide whether to continue with efforts to settle on a new contract or to exercise its rights to go to international arbitration. Either way, it must decide on its strategy going forward.
Presents a character sketch of Herbert Hoover, along with Hoover's views on the cause of the Great Depression of the 1930s. Illustrates the political economy of the period and presents different interpretations of the course of the Great Depression. A rewritten version of an earlier case.
Explains the emergence of international arbitration as an option for foreign investors with disputes with governments of emerging markets. Presents issues about whether arbitration will remain acceptable to countries and governments.
Wells, Louis T., Jr., and Courtenay Sprague. "Incidents in Trade Policy." Harvard Business School Case 796-140, March 1996. (Revised January 2001.)
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Representatives of the World Trade Organization (WTO) met in Seattle to plan the next round of trade negotiations, only to face protestors and fail to reach agreement on an agenda. This case discusses the evolution of the WTO, its rules, and some of the controversy surrounding it.
Wells, Louis T., Jr. "World Trade Organization, The: After the Seattle Protests." Harvard Business School Case 700-132, May 2000. (Revised July 2000.)
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Vietor, Richard H.K., Louis T. Wells Jr., Neil Gelfand, and Mark Hildebrand. "Indonesia (A)." Harvard Business School Case 796-125, February 1996. (Revised November 1999.)
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Wells, Louis T., Jr. "Dow Indonesia (A) (Abridged), (B1), and (B2), Teaching Note." Harvard Business School Teaching Note 799-059, December 1998.
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A brief history of foreign direct investment (FDI) is explored, emphasizing conflicts, developments in the legal framework governing FDI, and international agreements and nonbinding principles formulated to resolve disputes brought in by FDI. Propositions provide a context from which core issues may be discussed by the students.
Presents a character sketch of Herbert Hoover, along with Hoover's views on the cause of the Great Depression of the 1930s. Illustrates the political economy of the period and presents different interpretations of the course of the Great Depression. A rewritten version of an earlier case.
Presents seven examples (i.e., incidents) of conflict concerning foreign direct investment. The incidents lay the framework for discussion of issues such as the jurisdiction of the WTO and the U.S. position, the Helms-Burton Act of 1996 and its political implications, and campaign contributions from foreign corporations backing U.S. Democrats--and the controversy therein.
A large, lucrative power plant is negotiated for construction/operation by an American power company in India's evolving privatized power sector. The process of incorporating the project is captured in this case. The American company will own and operate the plant in India, which will sell power to India.
A new administration takes power in a state in India and cancels a power project agreed upon by the previous state government and a U.S.-based energy company. The project cancellation is based on allegations of irregularities, exorbitant costs, and political pressures.
Discusses the resolution of the canceled power project in Maharashtra. The contract between the American gas giant and Indian state government is renegotiated.
Wells, Louis T., Jr. "Enron Development Corp.: The Dabhol Power Project in Maharashtra, India (C) (Abridged)." Harvard Business School Case 797-087, February 1997.
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Describes the moments leading to the conclusion of the Uruguay Round of international trade negotiations and the outcome of those negotiations. Discusses some of the options facing the Clinton Administration with respect to its international trade policy.
Austin, James E., Dennis J. Encarnation III, and Louis T. Wells Jr. "Dow Indonesia (B2)." Harvard Business School Case 386-033, July 1985. (Revised January 1990.)
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Presents an interview with the Indonesian partner of Corning Glass Works' investment in Indonesia. The first part of the interview sets out the original decisions made by the partners. It serves to introduce the partners to the class and to help them decide whether to invest or not. The second part of the interview tells what happened and includes the partner's lessons for future investors.
Austin, James E., Dennis J. Encarnation III, and Louis T. Wells Jr. "Dow Indonesia (B1)." Harvard Business School Case 386-032, July 1985. (Revised February 1986.)
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Austin, James E., Dennis J. Encarnation III, and Louis T. Wells Jr. "Dow Indonesia (A)." Harvard Business School Case 386-031, July 1985. (Revised February 1986.)
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Wells, L. T., Jr. "United States Aid and Foreign Direct Investment in Egypt." In Proceedings of the Conference on Policies and Strategies of USAID in Egypt. , University of Pennsylvania, Philadelphia, January 01, 1978.
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Wells, Louis T., Jr. "The Transnational Corporation and the Host Country." Paper presented at the Conference on the Regulation of Transnational Corporations, Columbia Law School, February 01, 1976.
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Wells, L. T., Jr. "Appropriate and Applicable Technology: The Indonesian Case Study." Paper presented at the Corporate Consultation, Council on Religion and International Affairs, The Carnegie Center for Transnational Studies, Council on Religion and International Affairs, Aspen, CO, December 01, 1975.
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Wells, Louis T., Jr. "Vehicles for the International Transfer of Technology." In Technology and Economic Development. Paper presented at the Economic Research Foundation Conference, Istanbul, January 1, 1969.
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Wells, L. T., Jr., Nancy J. Allen, Jacques Morisset, and Neda Pirnia. "Using Tax Incentives to Compete for Foreign Investment: Are They Worth the Costs?" Foreign Investment Advisory Service Occasional Paper, September 2001.
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Wells, L. T., Jr., Timothy S. Buehrer, James J. Emery, and Melvin T. Spence Jr. "Administrative Barriers to Foreign Investment: Reducing Red Tape in Africa." Foreign Investment Advisory Service Occasional Paper, International Finance Corporation, Washington, D.C., 2000.
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Wells, Louis T., Jr, and A. Wint. "Marketing a Country: Promotion as a Tool for Attracting Foreign Investment." Foreign Investment Advisory Service Occasional Paper, International Finance Corporation, Washington, D.C., 2000. (This is a revised version of the author's earlier monograph by the same title, originally published in 1991 as Occasional Paper No. 1. The original version has been published in French, Spanish, Chinese, and Arabic.)
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Wells, L. T., Jr., and Timothy S. Buehrer. "Cutting Red Tape: Lessons from a Case-based Approach to Improving the Investment Climate in Mozambique." Foreign Investment Advisory Service Occasional Paper, January 2000. (Condensed as "Reduzir a burocracia: Licoes da Mozal para o melhoramento do clima de investimentos em Mocambique," Discussion Paper No. 3, Gabinete de Estudos Ministerio do Plano e Financas Republica de Mocambique, 2000; and reprinted in condensed form as a chapter in A Economia Mocambicana Contemporanea: Ensaios, Gabinete de Estudos, edited by Cassio Rolim, Antonio S. Franco, Bruce Bolnick and Per-Ake Andersson. Mozambique: Ministerio do Plano e Financas, 2002.)
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Wells, L. T., Jr. "Revisiting Marketing a Country: Promotion as a Tool for Attracting Foreign Investment." Foreign Investment Advisory Service Occasional Paper, January 2000.
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Wells, L. T., Jr. "Conflict or Indifference: U.S. Multinationals in a World of Regional Trading Blocs." OECD Development Centre Technical Papers, Organisation for Economic Co-operation and Development (OECD), Paris, March 1992.
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Wells, Louis T., Jr. "Intellectual Property and Developing Countries: Options for US Policy." Policy Focus Series, Overseas Development Council, Washington, D.C., January 1989.
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Ghemawat, Pankaj, and Louis T Wells Jr. "The Generation of Industrial Technology by the Less Developed Countries." Council on Science and Technology, January 1980. Mimeo.
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Ghemawat, Pankaj, and Louis T Wells Jr. "Transfer of Industrial Technology Among the Developing Countries." Council on Science and Technology, January 1980. Mimeo.
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Wells, L. T., Jr. "Foreign Investment in Joint Ventures: Some Effects of Government Policies in Less Developed Countries." Economic Development Report, Harvard University, Development Advisory Service, Cambridge, January 1970.
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Wells, Louis T., Jr. "Some Proposals for Ghana's Industrialization Policies." Economic Development Report, Harvard University, Development Advisory Service, Cambridge, January 1969.
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Wells, L. T., Jr. "The Evolution of Concession Agreements." Economic Development Report, Harvard University, Development Advisory Service, Cambridge, January 1968.
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