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Does Foreign Direct Investment Promote Development?
This volume gathers the cutting edge of new research on foreign direct investment and host country economic performance, and presents the most sophisticated critiques of current and past inquiries. It presents new results, concludes with an analysis of the implications for contemporary policy debates, and proposed new avenues for future research.
Dragon Multinational
The conventional view of globalization sees it as a process driven by giant firms from the Triad regions of North America, Europe, and Japan, shaping the world in their own image. This book contests such a view, describing the extraordinary success of a handful of multinationals from the "Periphery" in globalizing their operations extremely rapidly. Focusing on Acer, the Taiwanese IT company; the Hong Leong hotel group of Singapore; Ispat International in steel; Cemex of Mexico in cement; and Li and Fung from Hong Kong in contract manufacturing, Mathews demonstrates that these firms have been able to utilize strategies of international linkage and leverage to accelerate their global coverage. He contends that they are pioneers of a new kind of global firm, indicators that the global business civilization being created in the 21st century is like to be pluralistic and diverse, offering unprecedented opportunities for firms that know how to enmesh themselves in global networks.
Foreign Direct Investment
This book gathers together thirteen articles that deal with the internationalization strategies of firms, effects of foreign investment on host countries and host country policies vis-a-vis foreign multinationals. It illustrates how the behaviour of multinational firms and their effects on the host country are likely to differ between countries in a systematic manner, depending on the host country's economic policies and market conditions and provides a new approach on how to look at multinational firms.
Missed OPportunities
This study examines NACA's organization in the light of Alfred D. Chandler's Strategy and Structure. It analyzes the agency's administration. NACA's strategy of maximizing existing technology and its committee's structure were the key elements in its failure to develop jet propulsion in the early 1940s. We will focus first on NACA and its organization. The second chapter will describe jet propulsion, particularly the acquisition of a Whittle engine from England and General Arnold 's role in keeping NACA out of the development of the Whittle engine in the United States. The third chapter will concentrate on the reasons that combined and led to the difficulties of NACA in the mid-forties and the 1950s. That chapter will look at the rise of the aviation industry, the criticism it expressed against NACA, and finally NACA's strategy as one of the causes of failure.
Beyond Sweatshops
Images of sweatshop labor in developing countries have rallied opponents of globalization against foreign direct investment (FDI). The controversy is most acute over the treatment of low-skilled workers producing garments, footwear, toys, and sports equipment in foreign-owned plants or the plants of subcontractors. Activists cite low wages, poor working conditions, and a variety of economic, physical, and sexual abuses among the negative consequences of the globalization of industry. In Beyond Sweatshops, Theodore Moran examines the impact of FDI in manufacturing on growth and welfare in developing countries, and explores how host governments can take advantage of the contributions of foreig...
Convergence of Productivity
This comprehensive study is a collection of original articles that view the current state of knowledge of the convergence hypothesis. The hypothesis asserts that at least since the Second World War, and perhaps for a considerable period before that, the group of industrial countries was growing increasingly homogeneous in terms of levels of productivity, technology and per capita incomes. In addition, there was general catch up toward the leader, with gradual erosion of the gap between the leader country, the U.S., throughout most of the pertinent period, and that of the countries lagging most closely behind it. The book examines patterns displayed by individual industries within countries a...
Thinking about Development
Paul Streeten is recognised as one of the profession's most eminent authorities on economic development. In these lectures he provides a major statement on his approach to the development problem, stressing that human development, not simply income growth, should be the focus of all strategies to eradicate hunger and poverty in the world. His argument assigns an important role to reformed government - both in providing social services and in facilitating the functioning of markets - in opposition to the prevailing idea that minimal government is more often than not the optimal solution. The role of small and larger firms, institutions, central and local government is also carefully examined. Streeten outlines a normative political economy - how to mobilise reformist alliances, how to use interest group, how to harness coalition - in the pursuit of effective development.
Host Country Competition and Technology Transfer by Multinationals
This paper examines whether rivalry in host country markets may force multinational films to increase the technology transfer to their foreign affiliates. Such technology flows should be interesting from the perspective of the host country and its firms, since they would increase the potential for "spillovers". Using detailed (unpublished) industry data from Mexican manufacturing industry we find that indicators for local competition are positively related to the technology imports of foreign owned affiliates. The effects appear to be strong in consumer goods industries, which suggest that foreign multinationals are especially sensitive to the local market environment when barriers to entry in the form of complex technology or high capital requirements are relatively low.
