The Sources of International Investment Income in Emerging Market Economies

Joyce, Joseph P.

doi:10.2139/ssrn.3466373

Cited by 2 publications

(2 citation statements)

References 19 publications

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“…While banks have mostly benefited from technological advancements, some have experienced the negative impact of technology. There is a positive relationship between net investment income and net financial asset (Joyce, 2019;Aberola et al, 2020;Hiattori et al, 2023). Every area of the banking sector, from IT and security to operations and team relations, has felt the corrosive effects of technology on corporate communication.…”

Section: Discussionmentioning

confidence: 99%

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2023

SPSUTOM

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Purpose of the study: Indication of the essence -value, universality and necessity of being which are human rights. Drawing attention to the changing reality -what human rights were supposed to be and what they are in reality. Drawing attention to the fact that the great achievements devoted to human rights become fiction, illusion and illusion, and myths and optimistic ideas as well as wishful thinking are not able to remove paradoxes. Project/methodology/approach: The research method is the analysis of historical sources and legal, scientific studies of interdisciplinary scope, supplemented by the observations and experience of the author. The research procedure included the analysis of information sources, a review of Polish and foreign literature, an analysis of scientific studies in the field of: general history, law, philosophy, sociology, religion, theology, psychology of others, the method of analysis and synthesis and logical deductive reasoning in the time space yesterday -todaytomorrow -always. Conclusions: Human rights are the basic norms to which each of us is entitled to the very fact of being human. Man as a value -a rational being has always been aware that his existence depends on others. Creating new generations of human rights, adopting new conventions, adopting resolutions and debating seem to be empty talk about the fact that nothing has happened, that it cannot or should not be done. In a situation where man's life is worth less than economic and political interests, and the world enters the realm of mysticism, usurpation and delusion, man has no guarantee of respecting his rights. All regulations, regardless of which authorities they come from, what area they concern and how many people they apply, are only a determinant of how it should be, not how it should be, because it is worth it. Originality/Value: There are no more important issues than human rights. All over the globe there are people who are affected by human rights. The presented research, suggestions, conclusions and analyses provide practical and theoretical clues -what human rights are and what they should be, how these rights are not respected and why. Emphasising that human rights issues boil down to debating, consulting and creating a vast, intricate and incomprehensible law, which in principle cannot be enforced. Why does humanity need a seemingly universal law that does not work, can do little and only promises a lot. It seems less important to the average person to give rights a universal and inalienable character. What is more important is its certainty and effectiveness, especially when a person expects it from the law.

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Section: Discussionmentioning

confidence: 99%

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2023

SPSUTOM

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“…The international income surpluses recorded by many advanced economies are matched by deficits in emerging market countries. Joyce (2021) found that payments on FDI liabilities are largely responsible for the net investment income deficits recorded by these countries. Zélity (2020) has examined the welfare impact of FDI profits in the four Visegrád countries.…”

Section: Literature Reviewmentioning

confidence: 99%

The International Distribution of FDI Income And Its Impact on Income Inequality

Joyce

2021

SSRN Journal

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Income generated by foreign direct investments (FDI) has grown since the 1990s, and now represents a substantial portion of many countries' current accounts. Some of these flows are routed through Special Purpose Entities in financial centers that multinational firms use to minimize their tax liabilities. We use IMF and OECD data to ascertain which countries receive FDI-generated income, and find that a few advanced economies are the recipients of the largest shares. We also distinguish between FDI equity income and FDI interest income arising from intrafirm lending. We investigate the impact of these flows on income distribution within the recipient countries. FDI equity income contributes to the income share of the top 1% of households in advanced economies. FDI interest income, on the other hand, has no impact in these economies. FDI equity income also contributes to the income share of the top 1% in financial centers, but interest income is inversely linked to their income share. FDI income, therefore, increases inequality both among and within countries.

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The Sources of International Investment Income in Emerging Market Economies

Cited by 2 publications

References 19 publications

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The International Distribution of FDI Income And Its Impact on Income Inequality

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