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Firm Ownership, FOEs, and POEs

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  • Alice H. Amsden

Abstract

Where the theory of free competition reigns, developing countries should open their arms to investments from all types of enterprises in order to maximize jobs. Ownership, measured by votes of shareholders or boards of directors, is immaterial to performance. Matters change drastically, though, when competition depends on monopolistic assets and market theory no longer rigorously holds. Then, ownership matters. Foreign owned enterprises from developed countries can 'crowd out' privately owned enterprises from developing countries.

Suggested Citation

  • Alice H. Amsden, 2009. "Firm Ownership, FOEs, and POEs," WIDER Working Paper Series RP2009-46, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2009-46
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    File URL: https://www.wider.unu.edu/sites/default/files/RP2009-46.pdf
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    References listed on IDEAS

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    1. Giovanni Dosi, 2000. "Sources, Procedures, and Microeconomic Effects of Innovation," Chapters, in: Innovation, Organization and Economic Dynamics, chapter 2, pages 63-114, Edward Elgar Publishing.
    2. Tarun Khanna & Yishay Yafeh, 2007. "Business Groups in Emerging Markets: Paragons or Parasites?," Journal of Economic Literature, American Economic Association, vol. 45(2), pages 331-372, June.
    3. Alice H. Amsden & Wan-wen Chu, 2003. "Beyond Late Development: Taiwan's Upgrading Policies," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011980, April.
    4. Kenneth A. Froot, 1993. "Foreign Direct Investment," NBER Books, National Bureau of Economic Research, Inc, number froo93-1.
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    Cited by:

    1. Andrea Goldstein, 2013. "The Political Economy of Global Business: the Case of the BRICs," Global Policy, London School of Economics and Political Science, vol. 4(2), pages 162-172, May.
    2. Chari, Murali D.R. & Banalieva, Elitsa R., 2015. "How do pro-market reforms impact firm profitability? The case of India under reform," Journal of World Business, Elsevier, vol. 50(2), pages 357-367.
    3. Luong Vinh Quoc Duy & Damien Cassells, 2022. "Agglomeration and innovation effort: A longitudinal study on small and medium manufacturing enterprises in Vietnam," Review of Development Economics, Wiley Blackwell, vol. 26(3), pages 1252-1268, August.
    4. Jiatao Li & Maria Tereza Leme Fleury, 2020. "Overcoming the liability of outsidership for emerging market MNEs: A capability-building perspective," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(1), pages 23-37, February.
    5. Chari, Murali D.R., 2013. "Business groups and foreign direct investments by developing country firms: An empirical test in India," Journal of World Business, Elsevier, vol. 48(3), pages 349-359.

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