Multinational enterprise and economic analysis

Preface

1. The Multinational Enterprise as an Economic Organization

1.1. Horizontal Multiplant Enterprises and the MNE

1.2. Vertically Integrated MNEs

1.3. Portfolio Diversification and the Diversified MNE

1.4. Summary

2. The MME and Models of International Economic Activity

2.1. Foreign Direct investment and International Capital Flows

2.2. Exporting or Foreign Direct Investment?

2.3. Foreign Investment and Resource Allocation in the World Economy

2.4. Distribution of Foreign Investment Among Countries

2.5. Summary

3. Organization and Growth of the MNE

3.1. Expansion of the Firm

3.2. Organizational Structure

3.3. Effects of Organization: New Venture or Acquisition?

3.4. Joint Ventures or Other Agreement Between Firms?

3.5. Summary

4. Patterns of Market Competition

4.1. Foreign Investment and Oligopoly

4.2. Market Behavior with MNEs Present

4.3. Competition Policy and National Welfare

4.4. Vertically Integrated MNEs and Competition for Resource Rents

4.5. Summary

5. Income Distribution and Labor Relations

5.1. Income Distribution in General Equilibrium

5.2. Employment and Wages: Short Run and Long Run

5.3. Labor-Management Relations and Collective Bargaining

5.4. Summary

6. Investment Behavior and Financial Flows

6.1. Capital Formation and Foreign Direct Investment Flows

6.2. Long-Term Financing Decisions and Financial-Asset Markets

6.3. Foreign-Exchange Rates, Short-Term Transactions

6.4. Summary

7. Technology and Productivity

7.1. The MNE as Producer of Technical Knowledge

7.2. Licensing or Foreign Direct Investment?

7.3. General-Equilibrium and Welfare Aspects

7.4. Knowledge Stocks and Spillovers

7.5. Summary

8. Taxation, MNEs' Behavior, and Economic Welfare

8.1. Corporation Income Taxes, Market Distortions, and World Welfare

8.2. Tax Conventions and National Welfare

8.3. National Tax Policies: Empirical Patterns

8.4. Effects of Taxation on MNEs' Behavior

8.5. Summary

9. Multinationals in Developing Countries and Economies in Transition

9.1. Determinants of MNEs' Activities

9.2. Effects on Economic Development

9.3. Third-World Multinationals

9.4. Economies in Transition

9.5. Summary

10. Public Policy

10.1. National and International Welfare

10.2. National Policies: A Behavioral Approach

10.3. International Regulation

10.4. Summary

Bibliography

Name Index

Subject Index

Cover; Half-title; Series-title; Title; Copyright; Contents; Preface; 1 The Multinational Enterprise as an Economic Organization; 2 The MNE and Models of International Economic Activity; 3 Organization and Growth of the MNE; 4 Patterns of Market Competition; 5 Income Distribution and Labor Relations; 6 Investment Behavior and Financial Flows; 7 Technology and Productivity; 8 Taxation, MNEs' Behavior, and Economic Welfare; 9 Multinationals in Developing Countries and Economies in Transition; 10 Public Policy; Bibliography; Name Index; Subject Index.

The multinational enterprise as an economic organization

The MNE and models of international economic activity

Organization and growth of the MNE

Patterns of market competition

Income distribution and labor relations

Investment behavior and financial flows

Technology and productivity

Taxation, MNEs' behavior, and economic welfare

Multinationals in developing countries

Public policy.