Globalisation, EU expansion and consequences for MNE location

Narula, Rajneesh (2005). Globalisation, EU expansion and consequences for MNE location. UNU-MERIT Research Memoranda. UNU-MERIT.

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  • Sub-type Working paper
    Author Narula, Rajneesh
    Title Globalisation, EU expansion and consequences for MNE location
    Series Title UNU-MERIT Research Memoranda
    Volume/Issue No. 3
    Publication Date 2005
    Publisher UNU-MERIT
    Language eng
    Abstract Many of the EU accession countries are confident that membership will result in substantially increased inward foreign direct investment (FDI). At the same time, other peripheral EU members (such as Spain and Portugal) are concerned that FDI will be displaced to these new countries. I postulate that the new members cannot expect the same increased FDI flows that resulted to earlier EU entrants. Both groups of countries cannot base their industrial development strategy on passive reliance on such flows. Reliance on low costs and other 'generic' advantages such as basic infrastructure is myopic in a globalised world. Benefiting from FDI requires a comprehensive strategy to build up domestic absorptive capacity and upgrading of the quality of their location advantages, since they are faced with increased competition for FDI not just from other European countries but also from other parts of the world, most notably Asia.
    Keyword FDI
    EU
    Multinationals
    Absorptive capacity
    Spain
    Globalization
    Development
    Enlargement
    JEL F02
    F23
    O14
    O19
    Copyright Year 2005
    Copyright type All rights reserved
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    Created: Fri, 13 Dec 2013, 12:39:45 JST