Multinational Enterprise and Economic Analysis

Richard E Caves, Richard E. Caves

Cambridge University Press, Jan 26, 1996 - Business & Economics - 322 pages

Multinational Enterprise and Economic Analysis surveys the contributions that economic analysis has made to our understanding of why multinational enterprises exist and what consequences they have for the workings of the national and international economies. Covering both theories and tests of hypotheses, and synthesizing material from social science and applied disciplines, Professor Caves develops the logic behind public policies that affects multinational enterprises. The book has been completely updated to cover contributions appearing through mid-1994 and remains the only survey volume to draw equally on analytical contributions of both economics and business administration bearing on the multinational firm.

Contents

• The multinational enterprise as an economic organization: 1
• 11 Horizontal multiplant enterprises and the MNE: 2
• 12 Vertically integrated MNEs: 13
• 13 Portfolio diversification and the diversified MNE: 19
• 14 Summary: 23
• The MNE and models of international economic activity: 24
• 22 The choice between exporting and foreign direct investment: 27
• 23 Foreign investment and resource allocation in the world economy: 36
• 24 Distribution of foreign investment among countries: 46
• 25 Summary: 54
• Organization and growth of the MNE: 57
• 32 Organizational structure: 63
• new venture or acquisition?: 69
• 34 Joint ventures and other agreements between firms: 73
• 35 Summary: 81
• Patterns of market competition: 83
• 42 Market behavior with MNEs present: 90
• 43 Competition policy and national welfare: 97
• 44 Vertically integrated MNEs and competition for resource rents: 101
• 45 Summary: 108
• Income distribution and labor relations: 110
• short run and long run: 115
• 53 Labormanagement relations and collective bargaining: 123
• 54 Summary: 131
• Investment behavior and financial flows: 133
• 61 Capital formation and foreign direct investment flows: 134
• 62 Longterm financing decisions and financialasset markets: 140
• 63 Foreignexchange rates shortterm transactions and financial reporting: 150
• 64 MNE finance and public policy: 157
• 65 Summary: 160
• Technology and productivity: 162
• 72 International transfer of technology: 166
• 73 Generalequilibrium and welfare aspects: 175
• 74 Summary: 186
• Taxation MNEs behavior and economic welfare: 189
• 82 Tax conventions and national welfare: 194
• empirical patterns: 200
• 84 Effects of taxation on MNEs behavior: 204
• 85 Summary: 212
• Multinationals in developing countries: 214
• 91 Determinants of MNEs activities: 215
• 92 Effects on economic development: 224
• 93 Thirdworld multinationals: 238
• 94 Summary: 241
• Public policy: 243
• a behavioral approach: 249
• 103 International regulation: 257
• 104 Summary: 259
• Bibliography: 261
• Name index: 307
• Subject index: 318

Bibliographic information

• Title: Multinational Enterprise and Economic Analysis; Cambridge Surveys of Economic Literature
• Authors: Richard E Caves, Richard E. Caves
• Editor: John Pencavel
• Edition: illustrated, reprint, revised
• Publisher: Cambridge University Press, 1996
• ISBN: 0521478588, 9780521478588
• Length: 322 pages
• Subjects: Business & Economics / Economics / General; Business & Economics / Industrial Management; Business & Economics / International / General