Description
Book SynopsisThis thoroughly updated and revised edition of a widely acclaimed, classic text will be required reading for academics, policymakers and advanced students of international business worldwide. Employing a distinctive and unified framework, this book draws together research across a range of academic fields to offer a synthesis of the determinants of MNE activity, and its effects on the economic and social well-being of developed and developing countries. Unique to the new edition is its focus on the institutional underpinnings of the resources and capabilities of MNEs, and the role of MNE activity in transmitting and facilitating institutional change.
Since the initial publication of this book more than a decade ago, the economic, managerial and social implications of globalisation and technological advancement have become even more varied and prominent. Accompanying these developments, there has been a rise in scholarly interest in interdisciplinary research addressing the important challenges of an ever-changing physical and human environment. Drawing on articles and books from international business and economics, as well as economic geography, political economy and strategic management, a systematic overview of the developments in scholarly thinking is presented, while also highlighting the emerging topical issues and methodologies.
Trade Review'For many years to come this volume. . .is surely going to be the ultimate reference work on international business. . . thanks to Dunning and Lundan, have at their disposal, a wealth of relevant data, as well as theoretical and empirical analyses, which will enable them to assess the capabilities, contributions and challenges posed by the multinational enterprises to the global economy.' -- Seev Hirsch, International Business Review
'Multinational Enterprises and the Global Economy
has become a classic in international business. . . Yet , the book's second edition is even better than the first, in part because of Professor Dunning's wise decision to choose Dr Lundan as his co-author and to draw upon her deep knowledge of various strands of research on business-government relations and the societal effects of firm behaviour. . . In addition to being a remarkably useful reference book, Multinational Enterprises and the Global Economy
is the first book any IB doctoral student should read to understand the significance and richness of IB scholarship as it has developed over the past 50 years.' -- Alain Verbeke, Journal of International Business Studies
'The second edition of Multinational Enterprises and the Global Economy
provides unparalleled coverage not only of the literature relevant to IB research but also of the evolution of IB in the world economy. Dunning and Lundan offer powerful insights into the societal effects of MNEs and the role of business-government relations in the IB context. -- Journal of International Business Studies
'This wonderful book offers the definitive synthesis of the modern literature on the economic aspects of international business. It is encyclopedic yet full of incisive insights. It is a creative masterpiece which unbundles the DNA of the multinational enterprise and shows how it is the cornerstone of the field of international business.' -- Alan M. Rugman, University of Reading, UK
Table of ContentsContents: Introduction to the Second Edition PART I: FACTS, THEORY AND HISTORY 1. Definitions and Sources of Data 2. The Extent and Pattern of Foreign Direct Investment 3. The Motives for Foreign Production 4. Theories of Foreign Direct Investment 5. The Determinants of MNE Activity: The OLI Paradigm Revisited 6. The Emergence and Maturing of International Production: An Historical Excursion PART II: INSIDE THE MULTINATIONAL ENTERPRISE 7. Entry and Expansion Strategies of MNEs 8. The Organisation of MNE Activity: The Internal Network 9. The Organisation of MNE Activity: The External Network PART III: THE IMPACT OF MNE ACTIVITY 10. FDI, Growth and Development 11. Technology and Innovatory Capacity: The Role of Firms 12. Technology and Innovatory Capacity: The Role of Government 13. Employment and Human Resource Development 14. The Balance of Payments and the Structure of Trade 15. Market Structure, Performance and Business Practices 16. Linkages, Spillovers and Clustering 17. Distribution of the Value Added Created by MNEs 18. Political, Cultural and Social Responsibility Issues PART IV: IMPLICATIONS FOR POLICY 19. Governments and MNE Activity: The Unilateral Response 20. Governments and MNE Activity: The Multilateral Response PART V: LOOKING AHEAD 21. The Future of MNEs in a Global Economy References Index
