Description
Book SynopsisThis book offers an important contribution to the contemporary debate on the role of multinational enterprises (MNEs) in economic development in an increasingly globalizing, knowledge-intensive and alliance-based world economy.
Each of the chapters touches upon critical issues now facing the global economy. They also address the growing importance of innovative activities of firms in promoting economic development and industrial restructuring, as well as the role of FDI and cooperative agreements in furthering this goal. Emphasis is placed on the increasingly significant role of national governments in promoting the intellectual capital of their indigenous resources and capabilities, and of inter-firm collaborative alliances. Globalization and technological advances are reconfiguring the ingredients of the competitiveness of firms and nation states. They are emphasizing the increasingly important role of both private and social institutions as determinants of the success of corporations and of the economic development of societies.
Covering a range of issues from economic development, alliance capitalism, government policies, regional integration and industrial development, this authoritative book will greatly appeal to academics and economists, especially those interested in international business and management.
Trade Review'This book provides an excellent overview of the changing relationship between multinationals and economic development as globalization has taken off, and substantially altered the conditions for catching up as opposed to falling behind. The authors move very effectively between the discussion of concepts that are crucial to understanding such changes, and various empirical evidence on foreign direct investment, trade, inter-firm relationships, institutional settings and competitiveness.' -- John Cantwell, Rutgers University, US
'The globalisation of the world economy has undermined many of the old certainties regarding foreign direct investment flows. Dunning and Narula use the concepts of alliance capitalism and technological evolution to analyse recent trends in international business. They identify the challenges to government policymakers from regional integration, and the consequent intensification of political competition to attract high-technology investment. This masterful and incisive analysis brings great clarity to perplexing issues, and delineates a cogent industrial policy agenda for a globalised economy.' -- Mark Casson, University of Reading, UK
Table of ContentsContents: 1. The Multinational Enterprise, Industrial Development and Policy: An Introduction to the Primary Themes of this Volume Part I: MNEs and Industrial Development: Issues Confronting Developing Countries 2. Developing Countries versus Multinationals in a Globalizing World: The Dangers of Falling Behind 3. Industrial Development, Globalization and Multinational Enterprises: New Realities for Developing Countries 4. Incorporating Trade into the Investment Development Path 5. Multinational Firms, Regional Integration and Globalizing Markets Part II: R&D, Alliances and Developed Countries 6. Explaining International R&D Alliances and the Role of Governments 7. Explaining Strategic R&D Alliances of European Firms 8. R&D Collaboration by ‘Stand-Alone’ SMEs: Opportunities and Limitations in the ICT Sector Part III: FDI and Competitiveness 9. Relational Assets: The New Competitive Advantages of MNEs and Countries 10. Regaining Competitiveness for Asian Enterprises 11. The Role of Foreign Direct Investment in Upgrading China’s Competitiveness Index
