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.

Autorentext

MAGNUS BLOMSTROM is Professor at the European Institute of Japanese Studies, Stockholm School of Economics.

ARI KOKKO and MARIO ZEJAN are lecturers at the same institution.

Inhalt

Introduction PART ONE: FIRM STRATEGIES Modes of International Investment Why do Multinationals Seek Out Joint Ventures? Entry Strategies: New Ventures or Acquisitions R & D Activities in Affiliates of Swedish MNCs Intra-Firm Trade and Swedish Multinationals MNCs and Structural Adjustment in Latin America: Lessons from the Debt Crisis PART TWO: HOST COUNTRY STRATEGIES Foreign Investment and Spillovers: A Survey Multinationals and Productivity Convergence in Mexico Technology, Market Characteristics and Spillovers Local Technological Capability and Productivity Spillovers from FDI in the Uruguayan Manufacturing Sector Productivity Spillovers from Competition between Local Firms and Foreign Affiliates Policies to Encourage Inflows of Technology through Foreign Multinationals Host Country Competition, Labour Skills, and Technology Transfer by Multinationals