By Simona Iammarino
'The global economic climate is topic to a speedily expanding globalization, and multinational businesses are their significant motive force. This fresh e-book on multinationals and monetary geography through international prime financial geographers is a landmark that gives an built-in and dynamic point of view at the financial geography of the multinational company. to completely comprehend this means of globalization, the booklet explains forcefully and persuasively that one wishes a dynamic point of view on multinational organizations that brings jointly disparate literatures on fiscal geography, wisdom and innovation, worldwide community towns, and foreign enterprise and administration. Embedding it in smooth conception of innovation and geography, the publication presents not just a state of the art of theories and empirics at the position of multinationals, yet is going some distance past that. This e-book is an absolute "must-read" for any student and any scholar that's drawn to multinationals and their location.'
- Ron Boschma, Utrecht collage, The Netherlands and Lund college, Sweden
'Despite usually taking part in moment mess around to clusters within the monetary geography literature, multinationals are primary drivers of financial improvement. As turbines and diffusers of information they've got performed an important function in shaping the hot global fiscal order. No publication captures this greater than Simona Iammarino and Philip McCann's Multinationals and financial Geography, a needs to learn for a person wanting to totally comprehend the hot monetary geography of globalisation.'
- Andrés Rodríguez-Pose, London university of Economics, UK
After greater than fifty years of systematic examine on multinational corporations (MNEs) what's obvious is that there's, as but, no unified or dominant concept of the MNE. the target of this booklet is to carry into concentration one specific measurement of MNE habit and task that has been really under-researched - specifically the geography of the multinational company - as understood throughout the lens of innovation and technological switch. The authors in actual fact exhibit that geography is changing into more and more very important for MNEs and, in flip, MNEs have gotten a growing number of vital for financial geography. The pivot on which this important courting turns is the production, diffusion and administration of latest knowledge.
This distinct ebook will end up a desirable learn for teachers, scholars and researchers throughout a wide variety of parts together with geography, financial geography, local technological know-how, foreign enterprise and administration, innovation reviews, financial improvement. pros reminiscent of company managers and policymakers in those fields might additionally locate this ebook to be of serious interest.
Contents: creation: Multinational organizations, Innovation and Geography in Todays' Globalized international half I: Multinationals, situation and Innovation: Foundations and Extensions 2. previous and New(er) Theories of establishment organisations: chosen views and the hunt for position three. company situation Behaviour in concept: Extensions to Multiplant and Multinational agencies four. The assets of Innovation: The enterprise and the neighborhood process half II: Multinationals and the altering fiscal Geography of Globalization five. Multinationals, number of Geographies and Evolution 6. Globalization and Multinationals in a historic approach 7. Multinationals, Connectivity and international towns eight. Multinationals, rising Economies and the altering monetary Geography nine. Conclusions: evaluation of the Arguments and Implications for destiny learn Bibliography Index
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Additional resources for Multinationals and Economic Geography: Location, Technology and Innovation
We will consider the relationships between firm location choices, factor costs, and firm profitability from the perspective of three traditional types of firm location models, namely the Weber, the Hotelling and the Salop models, each of which will provide us with different insights into the nature of firm location strategies. In addition, by looking at leader-follower and clustering behaviour, and the possible shifts from hierarchical versus heterarchical organizational structures in multiplant and multinational firms, in this chapter we will start to take on board the issues of local knowledge accessibility, thereby allowing for an extension of the analysis to more comprehensive and modern-looking MNE types.
Type-h firms, which correspond to those which in Caves’ schema are denoted as carrying out HFDI, are MNEs which have production establishments at similar levels in the production chain in more than one country. The KCM model is based on the assumption that the firm’s knowledge assets are basically a public good within the firm, whose costs of supply to the firm’s foreign plants are very low. Vertically-integrated type-v firms, which in the work of Caves are those undertaking VFDI, are the multinational firms which have different production establishments in different international locations.
Adopting a microeconomic perspective, Vernon extends the traditional trade theory into one of international production, while acknowledging market imperfections. His focus is, on the one hand, on the sources of nation-specific ownership advantages afforded by factor endowments and market structures and, on the other hand, on the strategic behaviour arising from oligopolistic markets. Influenced by the emerging trade theories of that time which focussed on technology gaps (Posner 1961; Hufbauer 1966) and the life cycle of products (Kutznets 1953; Hirsch 1965), Vernon links innovation-based ownership advantages to features such as market size, income elasticities of demand and wage levels.