This path-breaking book examines the effects of multinationals on the competitiveness of industry in the UK. The in-depth investigation analyses how these firms gain access to technology and questions whether or not multinationals, in their support of local technologies, improve the potential and competitiveness of local industry.
The book discusses the evolution of multinationals in the late twentieth century, the role of the UK in this evolution and the theories of multinationals. It examines what these theories imply for efficiency and welfare, and the policies which affect multinational enterprises (MNEs). The authors consider the strategic positioning of subsidiaries in the UK in relation to the firm's overall global investment strategy. Using detailed empirical surveys, they also look at the role of technology in multinationals and how these firms' strategies are developing in regard to this. The authors examine whether MNEs UK operations are dependent on existing technology or whether they play a more positive role in its local creation and use. Finally the role of decentralized R&D in multinationals, and the status of this in the UK, is considered.
Multinationals, Technology and National Competitiveness will be welcomed by those interested in international investment, business strategy, technology and innovation and public policy.
Marina Papanastassiou, Middlesex University London and The late Robert Pearce, formerly Professor of International Business Emeritus, John H Dunning Centre for International Business, Henley Business School and Department of Economics, University of Reading, UK
Contents: 1. Multinationals and Industrialisation 2. Roles of Subsidiaries and MNE Evolution 3. Roles and Markets of Subsidiaries in the UK 4. Technology in Subsidiaries 5. Multinationals' Research and Development in the UK 6. Roles and Motivations of MNE Laboratories 7. Scientific Collaborations of MNE Research Laboratories in the UK 8. Subsidiaries' Linkages with UK Input Suppliers 9. Multinationals and National Competitiveness References Index