Antagonism or Equanimity: U.S. Multinationals and Regional Trading Blocs

Louis T. Wells

Chapter 10 in The World Economy, 1996, pp 165-186 from Palgrave Macmillan

Abstract: Abstract Efforts to discuss with managers of U.S. multinational firms the possible emergence of a trading system based on regional blocs are generally met with a “big yawn.” This paper attempts to explain this rather surprising lack of concern on the part of managers. Indeed, with the recent emphasis on global strategies by multinational firms, one might expect managers to see such blocs as serious threats. In fact, rather than worrying about a threat, managers have tended to lend their support to efforts to negotiate regional free trade agreements, such as those among the United States, Canada and Mexico, along with their general support of the General Agreement on Tariffs and Trade (GATT) negotiations.

Keywords: Foreign Direct Investment; Foreign Investment; Global Strategy; Western Hemisphere; Multinational Firm (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24695-3_10

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DOI: 10.1007/978-1-349-24695-3_10

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