Multinational Firms in the World Economy

Giorgio Barba Navaretti, Anthony J. Venables

352 pages, parution le 26/09/2006

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Résumé

Depending on one's point of view, multinational enterprises are either the heroes or the villains of the globalized economy. Governments compete fiercely for foreign direct investment by such companies, but complain when firms go global and move their activities elsewhere. Multinationals are seen by some as threats to national identities and wealth and are accused of riding roughshod over national laws and of exploiting cheap labor. However, the debate on these companies and foreign direct investment is rarely grounded on sound economic arguments.

This book brings clarity to the debate. With the contribution of other leading experts, Giorgio Barba Navaretti and Anthony Venables assess the determinants of multinationals' actions, investigating why their activity has expanded so rapidly, and why some countries have seen more such activity than others. They analyze their effects on countries that are recipients of inward investments, and on those countries that see multinational firms moving jobs abroad. The arguments are made using modern advances in economic analysis, a case study, and by drawing on the extensive empirical literature that assesses the determinants and consequences of activity by multinationals. The treatment is rigorous, yet accessible to all readers with a background in economics, whether students or professionals. Drawing out policy implications, the authors conclude that multinational enterprises are generally a force for the promotion of prosperity in the world economy.

L'auteur - Anthony J. Venables

Anthony J. Venables is Professor of International Economics at the London School of Economics and a research fellow at the Centre for Economic Policy Research. He is the coauthor (with Masahisa Fujita and Paul Krugman) of The Spatial Economy: Cities, Regions and International Trade.

Sommaire

Preface
List of Contributors
Facts and Issues
The Multinational Enterprise: an Overview of Theory and Empirical Findings
Horizontal Foreign Direct Investment: Product Market Access
Vertical Foreign Direct Investment: Input Costs and Factor Prices
Multinationals: the Firm and the Market
Determinants of FDI: the Evidence
Host Country Effects: Conceptual Framework and the Evidence
FDI and the Host Economy: a Case Study of Ireland
Home Country Effects of Foreign Direct Investment
Policy Implications and Effects
Conclusions

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Princeton University Press
Auteur(s)	Giorgio Barba Navaretti, Anthony J. Venables
Parution	26/09/2006
Nb. de pages	352
Format	15,5 x 23,5
Couverture	Broché
Poids	500g
Intérieur	Noir et Blanc
EAN13	9780691128030
ISBN13	978-0-691-12803-0