New Horizons in International
Business
The Origins of the
International Competitiveness of Firms
The Impact of Location and
Ownership in the Professional Service Industries Lilacb Nacbum, University of Cambridge,
UK
This important book focuses
on the impact of home countries on the international competitiveness of transnational
corporations (TNCs). It seeks to explain the geographic concentration of the most
internationally competitive TNCs in a single or very few countries, and their uneven
performance at these concentration points. The theoretical framework for this analysis is
based on a link between the location advantages of countries and the ownership advantages
of firms.
This pathbreaking book
examines the effects of multinationals on the competitiveness of industry in the UK. The
in-depth investigation explains how these firms gain access to technology and questions
whether or not multinationals, in their support of local technologies, improve the
potential and competitiveness of local industry.
The book discusses the
evolution of multinationals in the late twentieth century, the role of the UK in this
evolution and the theories of multinationals. It examines what these theories imply for
efficiency and welfare, and the policies which affect multinational enterprises (MNEs).
The authors consider the strategic positioning of subsidiaries in the UK in relation to
the firm's overall global investment strategy. Using detailed empirical surveys, they also
look at the role of technology in multinationals and how these firms' strategies are
developing in regard to this. The authors examine whether MNEs' UK operations are
dependent on existing technology or whether they play a more positive role in its local
creation and use. Finally the role of decentralized R&D in multinationals, and the
status of this in the UK, is considered.
Multinationals, Technology
and National Competitiveness will be welcomed by those interested in international
investment, business strategy, technology and innovation and public policy.
260pp