The growth and impact of the multinational enterprise (MNE) in the post war period is one of the most important phenomena of our time. This volume, originally published in 1981 provides a comprehensive and detailed review of both the theoretical and policy issues at a time when the subject had reached a watershed, after the controversies of the 1970s.
The book provides a balanced discussion of major themes such as the development of modern theories of international production; the impact of the MNE on the nation-state and the structure of the international market; the response of governments and the appropriate framework for policy measures; and the historical context and likely future of the MNE.
Part 1: 1. The Distinctive Nature of the Multinational Enterprise. 2. Trade, Location of Economic Activity and the Multinational Enterprise: A Search for an Eclectic Approach. 3. Trade, Location of Economic Activity and the Multinational Enterprise: Some Empirical Tests. 4. Explaining Changing Patterns of International Production: In Support of the Eclectic Theory. 5. Explaining the International Direct Investment Position of Countries: Towards a Dynamic or Developmental Approach. 6. The UK’s International Direct Investment Position in the Mid-1970s. Part 2: 7. Multinational Enterprises, Market Structure, Economic Power and Industrial Policy. 8. Multinational Enterprises and Domestic Capital Formation. 9. Multinational Enterprises, Locational Strategies and Regional Development. 10. Employee Compensation in US Multinationals and Indigenous Firms: An Exploratory Micro/Macro Analysis. 11. Multinational Enterprises and Trade Flows of Developing Countries. 12. The Consequences of International Transfer of Technology by Multinational Enterprises. Some Home Country Implications. Part 3: 13. Evaluating the Costs and Benefits of Multinational Enterprises to Host Countries: A ‘Tool Kit’ Approach. 14. Alternative Policy Prescriptions and the Multinational Enterprise. 15. Multinational Enterprises and the Challenge of the 1980s. Index.