One surprising development in the growth of multinational businesses and international trade is the large and growing amount of intra-industry direct foreign investment. Intra-industry direct foreign investment is the phenomenon whereby multinationals from two countries have overseas manufacturing operations in each other’s countries. The phenomenon is surprising because it contradicts the notion that some countries are technology exporters and others merely receivers, as well as challenging the idea of the existence of an international division of labour. It suggests that international trade is taking on a new form and this raises important implications for government regulators, for consumers and for multinational businesses themselves.
This book, first published in 1985, explores the nature of intra-industry direct foreign investment and the issues raised by it. This title will be of interest to students, researchers and policy-makers interested in international trade and multinational business.
List of Figures and Tables; Acknowledgements; Introduction Asim Erdilek; 1. Intra-industry Production as a Form of International Economic Involvement: An Exploratory Analysis John H. Dunning and George Norman Comment Raymond Vernon Comment Paul R. Krugman 2. The Determinants of Intra-industry Direct Foreign Investment Alan M. Rugman Comment Irving B. Kravis Comment Donald J. Rousslang 3. Intra-industry Direct Foreign Investment, Market Structure, Firm Rivalry and Technological Performance Edward M. Graham Comment Jean-François Hennart Comment William F. Finan 4. Antitrust Policy and Intra-industry Direct Foreign Investment: Cause and Effect Philip Nelson and Louis Silvia Comment Robert G. Hawkins Comment William W. Nye 5. US Direct Foreign Investment and Trade: Theories, Trends and Public-Policy Issues Rachel McCulloch Comment Bela Balassa Comment Gene M. Grossman 6. National and International Data Problems and Solutions in the Empirical Analysis of Intra-industry Direct Foreign Investment Frank G. Vukmanic, Michael R. Czinkota and David A. Ricks Comment Robert E. Lipsey Comment Harvey E. Bale, Jr; References; Notes on Contributors; Index
The volumes in this set, originally published between 1955 and 1993, draw together research by leading academics in the area of multinationals and provides a rigorous examination of related key issues. The volumes examine foreign investment and currency translation, environmental control issues and the impact of multinationals on the British economy. This set will be of particular interest to students of business studies.