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Global Capitalism, FDI and Competitiveness

The Selected Essays of John H. Dunning, Volume II The late John H. Dunning OBE, former Emeritus Professor of International Investment and Business Studies, University of Reading, UK and Emeritus State of New Jersey Professor of International Business, Rutgers, The State University of New Jersey, Newark, US
Global Capitalism, FDI and Competitiveness comprises 15 of John Dunning’s most widely acknowledged writings on the changing characteristics of the global economy over the past three decades. In particular, it examines how these events have shaped, and been shaped by, the growing internationalization of all forms of business activity.
Extent: 480 pp
Hardback Price: $196.00 Web: $176.40
Publication Date: 2002
ISBN: 978 1 84064 742 6
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  • Business and Management
  • International Business
Global Capitalism, FDI and Competitiveness comprises 15 of John Dunning’s most widely acknowledged writings on the changing characteristics of the global economy over the past three decades. In particular, it examines how these events have shaped, and been shaped by, the growing internationalization of all forms of business activity.

The book is dived into five thematic sections, each of which illustrates a particular aspect of change and the author’s analysis of it. The volume examines:

• the main features of the new global economy, its origin, opportunities and challenges

• the author’s recent writings on the factors affecting the location of economic activity by international firms, and the implications for national and regional governments

• the changing nature and form of the contribution of FDI and cross-border strategic alliances to economic development and to the restructuring of national economies

• the relationship between FDI, the competitive advantages of international firms and the productivity and dynamic comparative advantage of the economies in which they operate.

• an examination of the changing role and power of national governments as they seek to evaluate and influence the extent of both inbound and outbound FDI.

This volume will be warmly welcomed by all scholars and researchers of international business and particularly those interested in globalization, regional economics and FDI.
‘These volumes should be required reading for anyone with an interest in international business and globalisation. They add immeasurably to our understanding.’
– Mira Wilkins, Business History

‘Dunning is one of the most prominent researchers and thinkers in the IB field. In these books, he has set out his most celebrated writings and has provided us relatively easy access to widely scattered references in the literature.’
– Rajat Kathuria, Global Business Review

‘Given John Dunning’s breath of vision, familiarity with a very wide range of ideas and literature and concern with many of the most pressing problems of our day, I believe that virtually everyone will find stimulation in many of these essays.’
– Stephen J. Kobrin, Transnational Corporations

‘John Dunning is one of the “founding fathers” of international business research. His influential “eclectic paradigm” explains foreign investment by multinational firms in terms of the interaction of ownership, location and internalisation factors. In the past decade the scope of the eclectic paradigm has been expanded to encompass issues of globalisation, regionalism and international competitiveness. The paradigm has been used to address important policy issues relating to the governance of the world economy. This volume collects together the highlights of this recent work. It offers important insights into global issues, and is outstanding testimony to the breadth and depth of Dunning’s recent work.’
– Mark Casson, University of Reading, UK
Contents: Introduction 1. International Business in a Changing World Environment 2. Whither Global Capitalism? 3. Some Paradoxes of the Emerging Global Economy: The Multinational Solution 4. Globalization, Economic Restructuring and Development 5. Regions, Globalization and the Knowledge-based Economy: The Issues Stated 6. Location and the Multinational Enterprise: A Neglected Factor? 7. Globalization, Technological Change and the Spatial Organization of Economic Activity 8. Evaluating the Costs and Benefits of Multinational Enterprises to Host Countries: A ‘Tool-Kit’ Approach 9. Re-evaluating the Benefits of Foreign Direct Investment 10. The European Internal Market Program and Inbound Foreign Direct Investment 11. The Competitive Advantages of Countries and MNE Activity 12. The Geographical Sources of the Competitiveness of Firms 13. Multinational Enterprises, Industrial Restructuring and Competitiveness: A UK Perspective 14. Governments and the Macro-organization of Economic Activity: A Historical and Spatial Perspective 15. Globalization: The Challenge for National Economic Regimes Index