Sarah Bauerle Danzman is an assistant professor of International Studies at Indiana University. She is also a 2019–20 Council of Foreign Relations International Affairs Fellow (working in US government to study the inter-agency foreign investment screening process). She has published in various outlets including International Relations Quarterly and Perspectives on Politics, and consults regularly with the World Association of Investment Promotion Agencies and the World Bank Group on investment promotion policy.

• 1. Introduction; 2. Describing FDI policy through time and space; 3. Financing constraints and liberalized entry; 4. Quantitative tests: financing constraints and liberalization; 5. Quantitative tests: firm and industry level evidence; 6. Comparing Malaysia and Indonesia, 1965–1997; 7. Crisis, reform and policy divergence: Malaysia and Indonesia, 1997–2013; 8. Implications of elite-driven integration.

'It is perhaps a truism that countries, firms, and individuals seek to increase their access to capital. Capital market liberalization, the opening of markets to inflows and outflows of capital, has long been seen as a net positive for the local and global economy. However not all countries and industries are equally willing and able to liberalize. Sarah Bauerle Danzman makes an important contribution to our understanding of these dynamics through the development of an argument that gives pride of place to the economic and political preferences of interest groups, politicians, and firms. The theoretical argument in this book is masterful and the evidence is more than compelling. Merging Interests is a must read for anyone who is serious about understanding the global political economy.' David Leblang, University of Virginia

Sarah Bauerle Danzman is an assistant professor of International Studies at Indiana University. She is also a 2019–20 Council of Foreign Relations International Affairs Fellow (working in US government to study the inter-agency foreign investment screening process). She has published in various outlets including International Relations Quarterly and Perspectives on Politics, and consults regularly with the World Association of Investment Promotion Agencies and the World Bank Group on investment promotion policy.

• 1. Introduction; 2. Describing FDI policy through time and space; 3. Financing constraints and liberalized entry; 4. Quantitative tests: financing constraints and liberalization; 5. Quantitative tests: firm and industry level evidence; 6. Comparing Malaysia and Indonesia, 1965–1997; 7. Crisis, reform and policy divergence: Malaysia and Indonesia, 1997–2013; 8. Implications of elite-driven integration.

'It is perhaps a truism that countries, firms, and individuals seek to increase their access to capital. Capital market liberalization, the opening of markets to inflows and outflows of capital, has long been seen as a net positive for the local and global economy. However not all countries and industries are equally willing and able to liberalize. Sarah Bauerle Danzman makes an important contribution to our understanding of these dynamics through the development of an argument that gives pride of place to the economic and political preferences of interest groups, politicians, and firms. The theoretical argument in this book is masterful and the evidence is more than compelling. Merging Interests is a must read for anyone who is serious about understanding the global political economy.' David Leblang, University of Virginia

Sarah Bauerle Danzman is an assistant professor of International Studies at Indiana University. She is also a 2019–20 Council of Foreign Relations International Affairs Fellow (working in US government to study the inter-agency foreign investment screening process). She has published in various outlets including International Relations Quarterly and Perspectives on Politics, and consults regularly with the World Association of Investment Promotion Agencies and the World Bank Group on investment promotion policy.

• 1. Introduction; 2. Describing FDI policy through time and space; 3. Financing constraints and liberalized entry; 4. Quantitative tests: financing constraints and liberalization; 5. Quantitative tests: firm and industry level evidence; 6. Comparing Malaysia and Indonesia, 1965–1997; 7. Crisis, reform and policy divergence: Malaysia and Indonesia, 1997–2013; 8. Implications of elite-driven integration.

'It is perhaps a truism that countries, firms, and individuals seek to increase their access to capital. Capital market liberalization, the opening of markets to inflows and outflows of capital, has long been seen as a net positive for the local and global economy. However not all countries and industries are equally willing and able to liberalize. Sarah Bauerle Danzman makes an important contribution to our understanding of these dynamics through the development of an argument that gives pride of place to the economic and political preferences of interest groups, politicians, and firms. The theoretical argument in this book is masterful and the evidence is more than compelling. Merging Interests is a must read for anyone who is serious about understanding the global political economy.' David Leblang, University of Virginia