States and Firms on the Periphery: The Challenges of a Globalising World

Benito, Gabriel R.G. and Narula, Rajneesh (2007). States and Firms on the Periphery: The Challenges of a Globalising World. UNU-MERIT.

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  • Author Benito, Gabriel R.G.
    Narula, Rajneesh
    Title States and Firms on the Periphery: The Challenges of a Globalising World
    Publication Date 2007
    Publisher UNU-MERIT
    Abstract A key feature of globalisation has been the growth and spread of multinational enterprises (MNEs), but there is here is considerable evidence that MNEs do not regard all locations as being equivalent. MNE activity both to and from peripheral economies differs from MNE activity associated with core economies. We discuss how and why multinational enterprises may differ in their investment behaviour from and to peripheral economies, from the point of view of both states and firms. We also provide an overview of the policy issues associated with the peripheral nature of these economies per se, as well of the policy issues associated with MNEs that invest into and from peripheral economies. Inter alia, we argue that market forces cannot fully substitute for the role of governments in developing and promoting a proactive industrial policy.
    Copyright Holder UNU-MERIT
    Copyright Year 2007
    ISSN 1871-9872
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    Created: Wed, 11 Dec 2013, 16:08:10 JST