MULTINATIONAL ENTERPRISE AND THE NATION STATE: PROJECT REPORT FROM THE HARVARD BUSINESS SCHOOL

Raymond Vernon

Journal of Common Market Studies, 1969, vol. 8, issue 2, 160-170

Abstract: This is the third annual progress report relating to the study of multinational enterprises at the Harvard Business School. This report, like its predecessors, is drafted in such a way as to provide an up‐to‐date picture of the state of the project without reference to prior reports. From the first, the project was conceived as the opening phase of a long‐run effort to understand certain aspects of the operations of the multinational enterprise. The original plan was to complete this phase by the summer of 1969. By that time, a dozen doctors' theses and perhaps twenty articles will have appeared. In addition, completed first drafts of three of the four books relating to this phase of the project are scheduled to be in hand; a fifth volume, synthesizing and extending the others, is to be written in the year following. Collectively, these publications are expected to illuminate the problems of the multinational enterprise in the fields of finance, marketing, organization, and business‐government relations. In addition, new light will have been shed upon the role of multinational enterprises in international trade, capital movements, and technological transfers. Perhaps the most telling contribution of the project in the long run—one that had not been clearly contemplated at the time that the project was first conceived—will be the development and dissemination of an historical file tracing the history of some 12,000 subsidiaries of U.S. parents since 1900. This file, generated as a by‐product of the analytical work being undertaken by the project, is being designed so that researchers at other institutions may have access to some of its contents, within the limits imposed by confidentiality commitments.

Date: 1969
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