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The multinational enterprise

In: State and Trade

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Abstract

Capital is going abroad not just in portfolio assets but in the foreign direct investment of corporations with value-adding affiliates in a range of countries. The list includes developing countries, which in that way expand their productive potential through an infusion of funds, innovations and top-quality management. If locals are given on the-job-training and promoted to positions of responsibility, the multinational will have made a contribution that extends beyond the production of goods and the balance of payments effect of exports. Share ownership is dispersed worldwide. The company is increasingly rootless, the citizen of the world. For the same reason it is difficult to regulate. Policy-makers are forced into a ‘race to the bottom’ because excessive intervention can drive capital to a more accommodating nation.

Suggested Citation

  • ., 2017. "The multinational enterprise," Chapters, in: State and Trade, chapter 8, pages 131-156, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17271_8
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    Cited by:

    1. Simmonds, Hamish & Gazley, Aaron & Kaartemo, Valtteri & Renton, Michelle & Hooper, Val, 2021. "Mechanisms of service ecosystem emergence: Exploring the case of public sector digital transformation," Journal of Business Research, Elsevier, vol. 137(C), pages 100-115.
    2. Singh, Shweta & Compton, Jana E. & Hawkins, Troy R. & Sobota, Daniel J. & Cooter, Ellen J., 2017. "A Nitrogen Physical Input-Output Table (PIOT) model for Illinois," Ecological Modelling, Elsevier, vol. 360(C), pages 194-203.

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