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MULTINATIONAL INVESTMENT IN MODERN EUROPE

Strategic Interaction in the Integrated Community

9781852784218 Edward Elgar Publishing
Edited by John Cantwell, Professor of International Business, Rutgers, The State University of New Jersey, Newark, US
Publication Date: 1992 ISBN: 978 1 85278 421 8 Extent: 416 pp
This authoritative book examines the growth of multinational investment in Europe and assesses its implications for the industries and economies of the European Community.

Multinational Investment in Modern Europe addresses the theoretical explanations for increased multinational investment and activity comparing Europe, Japan and America. It then focuses upon the consequences of cross-investment and strategic interaction between multinationals operating within the EC, paying particular attention to the impact on the competitiveness and technological capacity of selected countries and firms. It is suggested that the restructuring of the European networks of multinationals is affecting the geographical division of labour between EC countries.

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Multinational Investment in Modern Europe addresses the theoretical explanations for increased multinational investment and activity comparing Europe, Japan and America. It then focuses upon the consequences of cross-investment and strategic interaction between multinationals operating within the EC, paying particular attention to the impact on the competitiveness and technological capacity of selected countries and firms. It is suggested that the restructuring of the European networks of multinationals is affecting the geographical division of labour between EC countries.

In conclusion, it examines patterns of national specialization by trade within the EC and changing business-government relationships.

Containing new work by an international group of leading economists, this stimulating and instructive book will be invaluable to all those interested in multinational investment and the future of the European economies after the completion of the single market.
Contents
Contents: 1. Introduction (J. Cantwell) 2. Cross-Investments between Japan and the EC: Income Similarity, Technological Congruity and Economies of Scope (T. Ozawa) 3. Direct Investment between the United States and the European Community Post-1986 and Pre-1992 (E.M. Graham) 4. Intra-Industry Direct Investment in the European Community: Oligopolistic Rivalry and Technological Competition (J. Cantwell and F. Sanna-Randaccio) 5. The Belgian Metalworking Industries and the Large European Internal Market: the Role of Multinational Investment (D. van den Bulcke and P. de Lombaerde) 6. Cross-Investments between France and Italy and the New European Strategies of Industrial Groups (J. Savary) 7. Trade and Direct Investment within the EC: the Impact of Strategic Considerations (N. Acocella) 8. Cross-Direct Investment and Technological Capacity in Spanish Domestic Firms (J.J. Durán Herrera) 9. European Integration and the Pattern of FDI Inflow in Portugal (V.C. Simões) 10. Cross-Investment in the EC Banking Sector (P.A. Campayne) 11. Multinational Corporations and the Single European Market (G.N. Yannopoulos) 12. Multinational Investment in the EC: Some Policy Implications (J.H. Dunning)
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