This book takes a fresh look at unresolved issues associated with the role of multinational enterprises and foreign direct investment in economic development in light of the experiences of developing countries in Asia.
Each chapter presents a self-contained treatment of a specific theme relating to the developmental implications of MNEs, encompassing the current state of the debate, and relevant theory and policy implications. The key aspects of MNE-development interface covered in the book include expansion of manufacturing exports, global integration through international fragmentation of production, research and development, productivity growth, susceptibility to and recovery from financial crises, macroeconomic adjustment and international competitiveness, and economic transition from plan to market.
Multinational Enterprises in Asian Development will prove a valuable reference tool for academics, researchers and students focusing on trade, development and international business. Professional economists and policy makers wishing to broaden their understanding of the role of MNEs as an integral part of the international development policy will also find much to interest them in this book.
Prema-chandra Athukorala, Professor of Economics, Research School of Pacific and Asian Studies, Australian National University, Australia
Contents: Preface 1. Multinational Enterprises and Developing Countries: Background and Preview 2. Foreign Direct Investment in Developing Asia: Trends, Patterns and Prospects 3. Multinational Enterprises and Manufacturing for Export: Emerging Patterns and Opportunities for Latecomers 4. Product Fragmentation and Trade Patterns in East Asia 5. Multinational Firms in Crisis and Recovery: Lessons from the 1997-98 Asian Crisis 6. Capital Inflows and the Real Exchange Rate: Foreign Direct Investment versus Short-term Capital 7. Trade Orientation and Productivity Gains from International Production 8. Multinational Enterprises and the Globalization of R&D: A Study of US-based Firms 9. Multinational Firms and Factor Proportions in Manufacturing: Does Parentage Matter? 10. Foreign Direct Investment in Economic Transition: The Experience of Vietnam References Index