This paper examines the evolution since 1969 of the industrial structure of local technological development by US-owned multinational enterprises (MNEs) in the UK, by comparison with UK-owned MNEs in the US. The data used are the patents granted in the US to the largest US-owned and UK-owned...

We examine the extent to which the eclectic paradigm of international production, and its composite theories, can help explain the coming E-commerce revolution. Our findings are that the basic tenets of the paradigm appear to hold well, but the operational application of several of the...

Transnational Corporations and the Global Economy. Edited by Richard Kozul-Wright and Robert Rowthorn. Basingstoke: Macmillan (for United Nations University and World Institute for Development Economics Research), 1998. Pp.448. £55. ISBN 0 333 68957 7 The New Global Economy and Developing...

We discuss issues pertaining to the political economy of “globalization”, in the context of the seminal contribution by Stephen Hymer. While Hymer’s contribution to the theory of the multinational enterprise (MNE) and foreign direct investment (FDI) is widely recognized, his contribution...

This paper considers how economic globalization has affected opportunities and challenges for developing countries in following a multinational enterprise (MNE)-assisted development strategy, revisiting an earlier article by the authors. The growing share of industrial activity owned and/or...