Towards a theoretically based global foreign direct investment policy regime

Peter J. Buckley

Chapter 17 in Handbook of International Business Policy, 2024, pp 294-325 from Edward Elgar Publishing

Abstract: This chapter seeks to derive rational policies towards multinational enterprises (MNEs) from extant international business theory. It examines the impact of national institutions and policies on both inward and outward direct foreign investment. It adopts a theory-based perspective utilising internalisation, transaction cost and institutional approaches to the operations of MNEs. It contrasts the received policy process by which MNEs react to policy initiatives with a potential “direct” policy model whereby strategic decisions of MNEs embody policy goals. The chapter suggests that transparent national policies with robust supranational monitoring are the best solution for world economic welfare.

Keywords: Business and Management; Economics and Finance; Sustainable Development Goals (search for similar items in EconPapers)
Date: 2024
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