Multinational enterprise and economic analysis / Richard E. Caves.

Format:

Book

Author/Creator:

Caves, Richard E.

Contributor:

Cambridge University Press.

John Lammey Stewart Memorial Library Fund.

Series:

Cambridge surveys of economic literature

Language:

English

Subjects (All):

International business enterprises.

Physical Description:

1 online resource (xi, 391 pages) : illustrations.

Edition:

Third edition.

Place of Publication:

Cambridge ; New York : Cambridge University Press, 2007.

System Details:

text file

Summary:

Multinational enterprise is an important subject for students and researchers, both practitioners of business administration and scholars of economics. This highly accessible book surveys the fruits of research from both quarters. It shows how economic analysis can explain multinationals' activity patterns and how economics can shed conceptual light on problems of business policies and managerial decisions arising in practice. It addresses the welfare problems arising from multinationals' activities and the logic of governments' preferences and choices in their dealings with multinationals. The book is readily useful to both researchers and students. This third edition incorporates knowledge about multinationals accumulated over the past decade of research.

Contents:

1 The Multinational Enterprise as an Economic Organization 1

1.1 Horizontal Multiplant Enterprises and the MNE 2

1.2 Vertically Integrated MNEs 15

1.3 Portfolio Diversification and the Diversified MNE 22

2 The MME and Models of International Economic Activity 29

2.1 Foreign Direct investment and International Capital Flows 29

2.2 Exporting or Foreign Direct Investment? 32

2.3 Foreign Investment and Resource Allocation in the World Economy 45

2.4 Distribution of Foreign Investment Among Countries 56

3 Organization and Growth of the MNE 68

3.1 Expansion of the Firm 68

3.2 Organizational Structure 78

3.3 Effects of Organization: New Venture or Acquisition? 85

3.4 Joint Ventures or Other Agreement Between Firms? 91

4 Patterns of Market Competition 105

4.1 Foreign Investment and Oligopoly 105

4.2 Market Behavior with MNEs Present 113

4.3 Competition Policy and National Welfare 122

4.4 Vertically Integrated MNEs and Competition for Resource Rents 127

5 Income Distribution and Labor Relations 137

5.1 Income Distribution in General Equilibrium 137

5.2 Employment and Wages: Short Run and Long Run 143

5.3 Labor-Management Relations and Collective Bargaining 152

6 Investment Behavior and Financial Flows 161

6.1 Capital Formation and Foreign Direct Investment Flows 162

6.2 Long-Term Financing Decisions and Financial-Asset Markets 170

6.3 Foreign-Exchange Rates, Short-Term Transactions 183

7 Technology and Productivity 190

7.1 The MNE as Producer of Technical Knowledge 190

7.2 Licensing or Foreign Direct Investment? 195

7.3 General-Equilibrium and Welfare Aspects 206

7.4 Knowledge Stocks and Spillovers 212

8 Taxation, MNEs' Behavior, and Economic Welfare 222

8.1 Corporation Income Taxes, Market Distortions, and World Welfare 222

8.2 Tax Conventions and National Welfare 227

8.3 National Tax Policies: Empirical Patterns 235

8.4 Effects of Taxation on MNEs' Behavior 240

9 Multinationals in Developing Countries and Economies in Transition 253

9.1 Determinants of MNEs' Activities 254

9.2 Effects on Economic Development 265

9.3 Third-World Multinationals 280

9.4 Economies in Transition 283

10 Public Policy 289

10.1 National and International Welfare 289

10.2 National Policies: A Behavioral Approach 295

10.3 International Regulation 305.

Notes:

Description based on print version record.

Includes bibliographical references (pages 311-373) and indexes.

Electronic reproduction. Cambridge Available via World Wide Web.

Local Notes:

Acquired for the Penn Libraries with assistance from the John Lammey Stewart Memorial Library Fund.

ISBN:

0511295197

9780511295195

Publisher Number:

99959180149

Access Restriction:

Restricted for use by site license.