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THE PAPER BEGINS WITH A DISCUSSION OF THE INITIAL EUROPEAN LOCATIONAL DECISIONS OF U.S. FIRMS AND AN ANALYSIS OF THE PATTERNS OF GEOGRAPHICAL EXPANSION OF THESE FIRMS WITHIN EUROPE. SOME ASPECTS OF THE ENLARGEMENT OF THE EEC ARE CONSIDERED. THE PAPER MAY HELP TO EXPLAIN THE SIGNIFICANT CHANGE IN THE BALANCE OF SALES OF US AFFILIATES BETWEEN THE UK AND EEC.

This book highlights the evolution of the thinking on the multinational subsidiary over a quarter of a century, from the early concerns about the 'branch plant syndrome' to very current topics relating to the Multinational Enterprise as a differentiated corporate network and its role in innovation and entrepreneurship. It summarises and evaluates the state of the art in research on the multinational subsidiary, with particular reference to managerial and economic development dimensions. The volume presents the articles of Neil Hood (written in conjunction with other leading scholars, particularly Julian Birkinshaw and Stephen Young), along with new contributions. The book will be of major interest to students, researchers and policy makers.

Cover -- Title -- Copyright -- Contents -- List of Tables -- List of Figures -- List of Boxes -- Preface and Acknowledgements -- List of Contributors and Discussants -- PART I: ISSUES AND THEORY -- 1 Globalization, Multinational Enterprises and Economic Development -- Introduction -- Globalization: Companies and Countries -- Globalization and Regional Futures -- Outline of the Book -- Concluding Remarks -- 2 Globalization and the Theory of MNE Activity -- Introduction -- The Three Landmarks in Theorizing about MNE Activity -- Some Implications of the Revised Paradigm of International Production -- Conclusions -- PART II: THE CORPORATE PERSPECTIVE -- 3 Multinational Corporate Strategy and Organization: An Internal Market Perspective -- Introduction -- Context -- Issues Facing Large Multinational Corporations -- Elements of a New Model -- The Internal Market Model -- Discussion and Conclusions -- 4 Globalization, Corporate Strategies and Business Services -- Introduction -- The Globalization of Service Industries -- Conceptual Considerations -- Case Examples -- Conclusions and Policy Implications -- 5 Globalization and the Growth of Small and Nondominant Firms: Case Evidence from Scotland -- Introduction -- Issues from the Literature -- Case Illustrations -- Discussion of Cases -- Issues for Economic Development and Public Policy -- PART III: THE COUNTRY PERSPECTIVE -- 6 Development after Industrialization: Poor Countries in an Electronically Integrated Global Economy -- Introduction -- Globalization or Global Baloney? -- Development and Globalization -- The Indian Software Industry -- Development in the Postindustrial Age -- 7 Egypt at a Crossroads: MNEs and Economic Development in a Global Environment -- Introduction -- Egypt's Foreign Direct Investment Postion -- Analysing Egypt's Attractiveness for FDI -- Policy Analysis and Recommendations.

Explores some aspects of the strategic integration of inward investing companies within the EC as these organizations have adjusted to the competitive environment of the last decade and as they have progressively come to terms with an integrated market. Concentration is on the analysis of a set of UK data based on an empirical study of multinational enterprise affiliates from the United States and Continental Europe which was undertaken on behalf of the Department of Trade and Industry. (AM)