We use mean-variance analysis to demonstrate the importance of a hitherto neglected benefit of enticing MNEs to locate in small and medium-sized countries. During the 25 years from 1974 to 1999, over 1000 foreign MNEs have located in Ireland, and they have raised their share of all manufacturing...

Book Review.

B ARRY F., G oRG H. and M CDOWELL A. (2003) Outward FDI and the investment development path of a late-industrializing economy: evidence from Ireland, Reg. Studies 37 , 341-349. The Investment Development Path (IDP) hypothesis holds that a country's net outward direct investment position is...

This unique, extensive Handbook illustrates that multinational enterprises can contribute substantially to the competitive advantage of small countries. It advances the notion that small nations increasingly need to rely on both home-grown and foreign multinational enterprises to achieve...