Statement of the issues

Mark Casson

Chapter 1 in Alternatives to the Multinational Enterprise, 1979, pp 1-29 from Palgrave Macmillan

Abstract: Abstract A multinational enterprise (MNE) is an enterprise which owns and controls assets in more than one country.1 There is nothing very new about MNEs. They have played a significant role in the world economy since the early seventeenth century, when English and Dutch chartered companies held monopolies of colonial trade, and operated plantations for the export of food and raw materials.2 As the trading companies declined in the nineteenth century there was a compensating growth of European overseas investment in mining and textiles (and later in oil). The modern style of MNE is a comparatively recent phenomenon, the main impetus for its growth being the opportunities for adapting the advanced technologies of the Second World War to produce consumer goods for world markets. US firms took the lead in the 1950s but European and Japanese firms are now almost on level terms.3

Keywords: Foreign Direct Investment; Host Country; Source Country; Multinational Enterprise; Gross National Product (search for similar items in EconPapers)
Date: 1979
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DOI: 10.1007/978-1-349-04645-4_1

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