Summary

In Governance, Multinationals and Growth , leading scholars celebrate and build upon the pioneering work of Edward Safarian on multinational enterprises and foreign direct investment. The book explores the linkages among multinationals and foreign direct investment, corporate and public governance, and economic growth. The contributors pay particular attention to emerging policy issues that include the behavior of individual governments, intergovernmental organizations and civil society. In addition, they address linkages among MNEs, their governance and economic growth, and generic policy realities (and innovations) in a small-to-medium-sized economy.

The comprehensive coverage includes discussion of: the impacts of foreign ownership on productivity and growth; family controlled pyramidal groups and economic nationalism; trade liberalization, product diversification and FDI patterns; mergers and acquisitions as a form of FDI; uncertain market access, risk aversion and state subsidies as locational determinants within a free trade area; changes in the international policy environment facing multinationals; environmental investor-state disputes; and international economic policy issues facing small economies with large neighbors.

This authoritative volume will be of great interest to scholars and students of foreign direct investment and multinational enterprises, as well as to government economists and policymakers tackling these issues.