Foreign Direct Investment and Governments Catalyst for Economic Restructuring

Topics: Economics, Investment, Foreign direct investment Pages: 473 (159453 words) Published: September 11, 2013
Foreign direct investment and governments
The recently concluded Uruguay round of GATT underscores the changing structure of the world economy and the growing significance of multinational enterprises to economic growth. This book examines the dynamic relationship between foreign direct investment, governments and economic development, and demonstrates the nature of their interaction through a set of eleven country studies at various stages of development. The volume describes the catalytic role governments and multinationals may play in determining the evolution, restructuring and upgrading of the competitive and comparative advantages of countries. The fact that multinationals’ activities and government policy are highly interdependent is highlighted in the country studies. The countries examined include the UK, USA, Sweden, Japan, New Zealand, Mexico, Spain, Taiwan, India, Indonesia and China. The increasing globalization of production and the crucial role of technology in enhancing the competitive advantages of both firms and countries at all stages of economic development is firmly demonstrated with a detailed, in-depth evaluation of the chosen countries. John H.Dunning is State of New Jersey Professor of International Business at Rutgers University, USA, and Professor Emeritus in International Business at the University of Reading, UK. Rajneesh Narula is Research Fellow at the Maastricht Economic Research Institute on Innovation and Technology (MERIT) in the Netherlands. He is the author of Multinational Investment and Economic Structure, also published by Routledge.

Routledge Studies in International Business and the World Economy 1 States and firms Multinational enterprises in institutional competition Razeen Sally 2 Multinational restructuring, internationalization and small economies The Swedish case Thomas Andersson, Torbjörn Fredriksson and Roger Svensson 3 Foreign direct investment and governments Catalysts for economic restructuring John H.Dunning and Rajneesh Narula 4 Multinational investment and economic structure Globalisation and competitiveness Rajneėsh Narula

Foreign direct investment and governments
Catalysts for economic restructuring

Edited by John H.Dunning and Rajneesh Narula

London and New York

First published 1996 by Routledge 11 New Fetter Lane, London EC4P 4EE This edition published in the Taylor & Francis e-Library, 2005. “To purchase your own copy of this or any of Taylor & Francis or Routledge's collection of thousands of eBooks please go to www.eBookstore.tandf.co.uk.” Simultaneously published in the USA and Canada by Routledge 29 West 35th Street, New York, NY 10001 First published in paperback 1998 © 1996 John H.Dunning and Rajneesh Narula for the collection; individual chapters the contributors All rights reserved. No part of this book may be reprinted or reproduced or utilized in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloguing in Publication Data Foreign direct investment and governments: catalysts for economic restructuring/edited by John Dunning and Rajneesh Narula. p. cm.—(Routledge studies in international business and the world economy) Includes bibliographical references and index. 1. Investments, Foreign—Case studies. 2. Economic policy—Case studies. 3. Economic development—Case studies. I. Dunning, John H. II. Narula, Rajneesh, 1963– III. Series. HG4538.F61917 1997 332.67′3–dc21 97–21653 ISBN 0-203-98153-7 Master e-book ISBN

ISBN 0-415-11820-4 (hbk) ISBN 0-415-17355-8 (pbk) ISSN 1359-7930

Contents

List of figures List of tables List of contributors Acknowledgements 1 The investment development path revisited: some...
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