Multinationals and Development

This book offers a fresh perspective on the role of multinational enterprises (MNEs) in development. Alan M. Rugman and Jonathan P. Doh challenge traditional assumptions about economic development and address the controversies that surround MNEs. For example, how do foreign multinationals affect overall economic growth in emerging economies, and how does this process lead to the subsequent rise of new emerging-economy MNEs? The authors focus on the mechanisms by which MNEs influence economic development. They evaluate the impact of MNEs on the processes and outcomes of development, as well as the influence of civil society, NGOs, and government policies on multinationals, especially in Asia. And they discuss the rise of emerging-economy MNEs from Asian economies, especially “yang” MNEs from China and Korea. Arriving at a far more nuanced understanding of MNEs today, the authors also offer observations about the role of multinationals in the future.

This book offers a fresh perspective on the role of multinational enterprises (MNEs) in development. Alan M. Rugman and Jonathan P. Doh challenge traditional assumptions about economic development and address the controversies that surround MNEs. For example, how do foreign multinationals affect overall economic growth in emerging economies, and how does this process lead to the subsequent rise of new emerging-economy MNEs?

 

The authors focus on the mechanisms by which MNEs influence economic development. They evaluate the impact of MNEs on the processes and outcomes of development, as well as the influence of civil society, NGOs, and government policies on multinationals, especially in Asia. And they discuss the rise of emerging-economy MNEs from Asian economies, especially “yang” MNEs from China and Korea. Arriving at a far more nuanced understanding of MNEs today, the authors also offer observations about the role of multinationals in the future.

"In this book, Rugman and Doh question some of the traditional development assumptions and paradigms, arguing that many are outdated or misguided. Drawing from recent research in international business and multinational management, they bring an incisive, microeconomic, "on the ground" perspective to the mechanisms by which MNEs affect growth and development. They specifically evaluate the impact of MNEs on the processes and outcomes of development, as well as the influence of civil society, NGOs, and government policies on multinationals, especially in Asia. Examining the relationship between MNEs and the poorer countries in the world, the authors show that emerging economies have benefited greatly from MNEs, increasing these countries' per capita incomes and improving the overall internal distribution of these incomes."--Jacket. Contents 5 Preface 7 Acknowledgments 9 1. Introduction to the Key Issues 11 2. Foreign Direct Investment and Development 21 3. Multinational Enterprise Strategies and Development 42 4. The Role of International Institutions 69 5. The Contributions and Impact of Civil Society 93 6. Institutional Governance and Development 113 7. Multinational Enterprises from Emerging Economies 134 8. Multinationals and Development in Asia 163 9. Yang Multinationals 189 10. Conclusions 210 Glossary 215 References 219 Index 241 Aiming to offer a fresh perspective on the role of multinational enterprises (MNEs) in development, Rugman and Doh challenge traditional assumptions about economic development and address the controversies that surround MNEs, for example, how they affect overall economic growth in emerging economies