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
EnlargementJEL F02
F23
O14
O19Copyright Year 2005 Copyright type All rights reserved -
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