Read e-book online The Globalization of Multinational Enterprise Activity and PDF

By Neil Hood

ISBN-10: 0333748816

ISBN-13: 9780333748817

The results of globalization techniques of firm organisations (MNEs) on nationwide and native improvement are explored and analyzed right here and implications of those results for coverage makers are highlighted. Containing contributions from foreign company students, the textual content addresses this formerly little explored yet seriously very important factor for the way forward for the area economic system.

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C. ) (1991), Global Research Strategy and International Competitiveness (Oxford: Basil Blackwell). , P. HAGSTROM and O. SOLVELL (eds) (1998), The Dynamic Firm: The Role of Technology, Strategy, Organisation and Regions (Oxford: Oxford University Press). DICKEN, P. (1994), 'The Roepke Lecture in Economic Geography: Global-Local Tensions: Firms and States in the Global Space-Economy', Economic Geography, vol. 70, pp. 101-2. DICKEN, P. (1992), Global Shift, 2nd edn (New York: Guildford Press). H. (1998), 'Globalization and the New Geography of Foreign Direct Investment', Oxford Development Studies, vol.

However, in the 1950s there was a surge of outbound investment by US corporations, especially in Europe. 9 Some of the economic implications of this phenomenon were explored by the present author in his 1958 book (Dunning, 1958), but it was left to Stephen Hymer (1960) of MIT and Ray Vernon of Harvard (1962, 1966) to offer a formal explanation of it. Neither found the answer in received theory. In his PhD thesis, Hymer, for example, argued that the theory of foreign (portfolio) investment could not explain the territorial expansion of firms, because the essence of this expansion was the transfer of real, not financial, assets; and that it occurred not in perfect, but in imperfect, markets.

The eight cases are evaluated in depth within the chapter and these issues explained for each of them. They are acknowledged to be a relatively rare breed and few appear as open to being contestable as governments would like. As in the Enright chapter, Peters makes a plea for targeted strategies for upgrading, focusing attention on the role played in this by credible clusterings of related activity. In Chapter 15, Nick Phelps, Kevin Morgan and Crispian Fuller round off the policy perspective by posing the question as to whether constitutional change in a small country with high FDI dependency such as Wales, will exacerbate regional differences in institutional capacities involved with the attraction and support of inward investors in the UK.

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The Globalization of Multinational Enterprise Activity and Economic Development by Neil Hood

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