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- W2018367355 abstract "Abstract During the past one hundred years, the growth of foreign direct investment (FDI) and the multinational corporation (MNC) have emerged as two of the foremost characteristics of global economic development. They have been spawned by, and have given shape to, the remarkable growth of the international economy during the past century. While it is recognised that FDI and the MNC are not necessarily one and the same thing, 1 FDI is a measure of the capital transfer which occurs when institutions or persons in a country invest directly in a foreign country. MNCs, however, transfer many intangible assets — such as technical know-how and managerial skills — other than capital. Furthermore, MNCs may have the option of raising capital in the host economy, thereby avoiding international capital transfers. historically FDI has been closely bound up with the development of international business and may be regarded as the backbone of multinational enterprise. Indeed, the available statistics indicate that a decisive share of the global stock of FDI is owned and controlled by MNCs which provide a wide range of products and services: Alcan aluminium, Bayer drugs, General Motors and Ford cars, IBM computers, Philips electrical products, Shell and Esso petroleum products, SKF bearings and Unilever detergents, to name but a few obvious examples. 2" @default.
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- W2018367355 date "1988-09-01" @default.
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- W2018367355 title "Economic history and theories of the multinational corporation" @default.
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- W2018367355 doi "https://doi.org/10.1080/10113436.1988.10417151" @default.
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