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Multinational Enterprises and the Global Economy
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This 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.
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Table of Contents

Contents: 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

About the Author

The late John H. Dunning OBE, former Emeritus Professor of International Investment and Business Studies, University of Reading, UK and Emeritus State of New Jersey Professor of International Business, Rutgers, The State University of New Jersey, Newark, US and Sarianna M. Lundan, Chair in International Management and Governance, University of Bremen, Germany

Reviews

'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, Indiana University, US'The rise of the multinational enterprise, and the consequent globalisation of the world economy, was arguably the single most important phenomenon of the second half of the twentieth century. This magisterial book, written by two leading authorities, examines this phenomenon in depth. It explains how foreign investment by multinationals diffused advanced technologies and novel management methods, driving productivity growth in Europe, Asia and North America; however, economic inequalities were reinforced as rich countries attracted more foreign investment than poor ones. This new edition of a classic work is not only an authoritative guide to contemporary multinational business, but a major historical resource for the future.'- Mark Casson, University of Reading, UK

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