This book investigates the complex interplay between government incentives and the global competition for capital. Kenneth P. Thomas, a noted economist, examines how nations deploy subsidies to attract foreign direct investment, revealing a pattern where corporations leverage site selection to extract concessions. The study highlights that developing countries often invest more heavily in these incentives than their developed counterparts, and argues that such policies are frequently detrimental, particularly for nations lacking robust educational and infrastructural foundations.

The book is regarded as a critical examination of economic policy, particularly concerning the efficacy of investment incentives. It provides a data-driven perspective on how global competition for capital shapes national economic strategies. The analysis suggests that while incentives are widely used, their benefits are often outweighed by costs, especially for nations with underdeveloped public services. The work serves as a cautionary guide for policymakers considering such economic tools.