This book brings together the work of noted authorities in the field of multinational enterprises who explain and debate the merits of internalization theory as the new general theory of the multinational enterprise. Alternatives to internalization, such as licensing, joint ventures and other contractual arrangements are also evaluated. There are many applications to actual businesses, such as in the hotel, fish, food and banking industries. Also considered are regional office location and applications of the theory to Canada, Japan, the former Yugoslavia, the UK and USA.
1. Internalization and Non-Equity forms of International Involvement Alan M Rugman. 2. Transaction Costs and the Theory of the Multinational Enterprise Mark C Casson. 3. Mergers and the Theory of Foreign Direct Investment A Louis Calvet. 4. Conventional Theory and Unconventional Multinationals: Do New Forms of Multinational Enterprise Require New Theories? Ian H Giddy and Stephen Young. 5. The Eclectic Theory of the Multinational Enterprise and the International Hotel Industry John H Dunning and Matthew McQueen. 6. Regional Offices in Multinational Firms Robert E Grosse. 7. Industrial Co-operation, Joint Ventures and the MNE in Yugoslavia Peter F Cory. 8. Macroeconomic Theories of Foreign Direct Investment: An Assessment H Peter Gray. 9. Foreign Bank Entry into Japan and California Adrian E Tschoegl. 10. Multinational Food and Fish Corporations David P Rutenberg. 11. Inter-Industry Determinants of Foreign Direct Investments: A Canadian Perspective Robert F Owen. 12. Multinational Enterprises and Technology Transfer Richard E Caves. Bibliography. Notes on Contributors. Index of Names. Index of Subjects.