Costa Rica has been successful in attracting high-tech foreign direct investment (FDI). An aggressive FDI-assisted development strategy was pursued by the country in the 1980s as a response to the economic crisis; yet there are serious concerns about the effectiveness of such strategy from a...

Over the last decade outward foreign direct investment (OFDI) flows and stocks from the emerging economies expanded dramatically. This aggregate trend is reflective of the fact that at the firm level technological capabilities and market share of many TNCs from the emerging economies (ETNCs)...

Globalization is a relevant issue for policymakers and firms alike. Although individuals, firms, and countries have always been connected in various ways throughout history, commentators generally claim that globalization has caused a once-unfathomable new height of connectedness at the dawn of...

There is a growing literature exploring the increasing fragmentation of production processes and the evolution of internationally-dispersed but functionally-integrated economic activities. However, most of this literature appears to neglect an important part of the story, that is the form and...

This chapter analyses the Multinationals corporations in Mexico, particularly theirlinkages with small and medium enterprises. Mexico has been an important magnet offoreign direct investment (FDI), particularly during the last forty years of the lastcentury. The FDI has played a very important...

Governments in developing (and developed) countries spend large sums to attract foreigncompanies (e.g. $300,000 per job created in Brazil). But there is only one welfarejustification for subsidizing MNCs: that they generate spillover effects. Yet, most of theempirical literature has not...