International Production : Trends, Theories, Effects
One of the most significant developments in the world economy since World War II has been the growth of activities of multinational companies. Many economies are dominated by multinationals and the British economy is a major example of such domination. With other countries moving in the same direction, the spread and scale of multinational activity gives rise to profound economic, social and political changes on a global scale. This growth results in considerable disquiet and unease in relation to the effect of such activities and to the overall power of multinational companies. This book systematically covers international production. In doing so it addresses the urgent problems of analyzing the scale and pattern of such activities as well as their causes and effects. Providing an analysis of trends in both the volume and type of activities, Grazia Ietto-Gillies has undertaken a survey of the theories of international production, also giving a full analysis of their effects.
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- Hardback | 280 pages
- 152 x 229 x 25.4mm | 544.31g
- 01 Jan 1993
- Polity Press
- Oxford, United Kingdom
- 18 tables, index, bibliography
Table of contents
Part 1 Agents and trends: the internationalization process - agents and conditions; trends in internationalization. Part 2 Theories: Marxist approaches - classical writers on imperialism, the realization problem back in fashion, some recent Marxist approaches;the neo-classical paradigm - foreign investment within the neo-classical paradigm; prevalent theories - foreign direct investment and market imperfections - the Hymer and Kindleberger approach, the product life cycle and foreign direct investment, currency areas and foreign direct investment, Caves' approach, internalization as explanation for international production, Dunning's eclectic approach; strategic approaches - oligopolistic reactions as explanation for foreign direct investment, transnational corporations and strategies towards labour, transnational monopoly capitalism. Part 3 Effects: methodological issues; effects; multinational domination of national economies.