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Multinational enterprise and economic analysis / Richard E. Caves

Main Author Caves, Richard E. Country Reino Unido. Edition 3rd ed Publication Cambridge : Cambridge University Press, 2007 Description XI, 391 p. ; 23 cm Series Cambridge surveys of economic literature ISBN 978-0-521-67753-0 CDU 334.726
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Item type Current location Call number Status Date due Barcode Item holds Course reserves
Monografia Biblioteca Geral da Universidade do Minho
BGUM 334.726 - C Available 417283
Monografia Biblioteca Geral da Universidade do Minho
BGUM 334.726 - C Available 420162

Licenciatura em Negócios Internacionais Economia da Empresa Multinacional 2º semestre

Mestrado em Negócios Internacionais Tópicos de Economia da Empresa Internacional 1º semestre

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Enhanced descriptions from Syndetics:

The third edition of 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. It shows how economic analysis can explain multinationals' activity patterns and how economics can shed conceptual light on problems of business policies and managerial decisions arising in practice. It addresses the welfare problems arising from multinationals' activities and the logic of governments' preferences and choices in their dealings with multinationals. Suitable for researchers, graduates and upper-level undergraduates. The third edition of this highly accessible book incorporates the many additions to our knowledge of multinationals accumulated in research appearing in the past decade.

Table of contents provided by Syndetics

  • Preface (p. ix)
  • 1 The Multinational Enterprise as an Economic Organization (p. 1)
  • 1.1 Horizontal Multiplant Enterprises and the MNE (p. 2)
  • 1.2 Vertically Integrated MNEs (p. 15)
  • 1.3 Portfolio Diversification and the Diversified MNE (p. 22)
  • 1.4 Summary (p. 27)
  • 2 The MME and Models of International Economic Activity (p. 29)
  • 2.1 Foreign Direct investment and International Capital Flows (p. 29)
  • 2.2 Exporting or Foreign Direct Investment? (p. 32)
  • 2.3 Foreign Investment and Resource Allocation in the World Economy (p. 45)
  • 2.4 Distribution of Foreign Investment Among Countries (p. 56)
  • 2.5 Summary (p. 65)
  • 3 Organization and Growth of the MNE (p. 68)
  • 3.1 Expansion of the Firm (p. 68)
  • 3.2 Organizational Structure (p. 78)
  • 3.3 Effects of Organization: New Venture or Acquisition? (p. 85)
  • 3.4 Joint Ventures or Other Agreement Between Firms? (p. 91)
  • 3.5 Summary (p. 102)
  • 4 Patterns of Market Competition (p. 105)
  • 4.1 Foreign Investment and Oligopoly (p. 105)
  • 4.2 Market Behavior with MNEs Present (p. 113)
  • 4.3 Competition Policy and National Welfare (p. 122)
  • 4.4 Vertically Integrated MNEs and Competition for Resource Rents (p. 127)
  • 4.5 Summary (p. 135)
  • 5 Income Distribution and Labor Relations (p. 137)
  • 5.1 Income Distribution in General Equilibrium (p. 137)
  • 5.2 Employment and Wages: Short Run and Long Run (p. 143)
  • 5.3 Labor-Management Relations and Collective Bargaining (p. 152)
  • 5.4 Summary (p. 159)
  • 6 Investment Behavior and Financial Flows (p. 161)
  • 6.1 Capital Formation and Foreign Direct Investment Flows (p. 162)
  • 6.2 Long-Term Financing Decisions and Financial-Asset Markets (p. 170)
  • 6.3 Foreign-Exchange Rates, Short-Term Transactions (p. 183)
  • 6.4 Summary (p. 187)
  • 7 Technology and Productivity (p. 190)
  • 7.1 The MNE as Producer of Technical Knowledge (p. 190)
  • 7.2 Licensing or Foreign Direct Investment? (p. 195)
  • 7.3 General-Equilibrium and Welfare Aspects (p. 206)
  • 7.4 Knowledge Stocks and Spillovers (p. 212)
  • 7.5 Summary (p. 220)
  • 8 Taxation, MNEs' Behavior, and Economic Welfare (p. 222)
  • 8.1 Corporation Income Taxes, Market Distortions, and World Welfare (p. 222)
  • 8.2 Tax Conventions and National Welfare (p. 227)
  • 8.3 National Tax Policies: Empirical Patterns (p. 235)
  • 8.4 Effects of Taxation on MNEs' Behavior (p. 240)
  • 8.5 Summary (p. 250)
  • 9 Multinationals in Developing Countries and Economies in Transition (p. 253)
  • 9.1 Determinants of MNEs' Activities (p. 254)
  • 9.2 Effects on Economic Development (p. 265)
  • 9.3 Third-World Multinationals (p. 280)
  • 9.4 Economies in Transition (p. 283)
  • 9.5 Summary (p. 286)
  • 10 Public Policy (p. 289)
  • 10.1 National and International Welfare (p. 289)
  • 10.2 National Policies: A Behavioral Approach (p. 295)
  • 10.3 International Regulation (p. 305)
  • 10.4 Summary (p. 308)
  • Bibliography (p. 311)
  • Name Index (p. 375)
  • Subject Index (p. 388)

Reviews provided by Syndetics


Caves has updated the first edition of this work (CH, Nov'83) in response to his estimate of a doubling of the literature devoted to multinational enterprises (MNEs) since 1982. The author integrates economic theory with evidence rooted in other disciplines. The balance of the analysis, confirmed by a look through the 45-page bibliography, is weighted in favor of economic theory. The book begins by considering the creation, decision-making process, and operation of MNEs, with a focus on the advantages MNEs offer in reducing transactions costs. Caves then discusses the correlation between MNE activity and oligopolistic structures across industries. Within the context of transnational business operations and high levels of market concentration, Caves evaluates a wide range of issues, including investment, productivity, technology transfers, and tax policies. The final chapters address issues of development, public policy, social welfare, and corporate citizenship. This last issue is discussed under the assumption of "unambiguous national citizenship." This assumption may be relaxed in response to changes in the relationship between nations and MNEs, providing a framework for a third edition. For now, the second edition is a useful and informative book. Upper-division undergraduates and up. J. M. Nowakowski Muskingum College

Author notes provided by Syndetics

Richard E. Caves is the Nathaniel Ropes Professor of Political Economy, Emeritus, at Harvard University

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