Globalization, Multinational Enterprises and Economic Development
Neil Hood and
Stephen Young
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Neil Hood: University of Strathclyde
Stephen Young: University of Strathclyde
Chapter 1 in The Globalization of Multinational Enterprise Activity and Economic Development, 2000, pp 3-20 from Palgrave Macmillan
Abstract:
Abstract This volume has emerged from the long-standing interests of the editors in the interface between corporate strategies of international companies and the economic policies of governments as applied to the attraction and development of foreign direct investment (FDI). In recent years some excellent volumes have emerged dealing with many of the different effects of globalization upon the behaviour of governments (Dunning, 1997); upon the dynamics of the firm (Chandler et al, 1998); upon technology and competitiveness strategies (Casson, 1991); and upon institutional and regional development (Amin and Thrift, 1994). While several of these collections touch on aspects of this volume, the approach here more specifically addresses the globalization of multinational enterprise activity and economic development. The process of globalization has drawn attention to the growing significance of the coordinating and transaction functions of the firm. At the same time it has raised new questions about the role of national and subnational governments as to how (or if) they are able to influence the spatial organization of economic activity in directions consistent with their economic development objectives.
Keywords: Foreign Direct Investment; Multinational Enterprise; Competitive Bidding; Investment Liberalization; Subsidiary Development (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59916-1_1
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DOI: 10.1057/9780230599161_1
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