Transformations of Global Prosperity Transformations of Global Prosperity

Transformations of Global Prosperity

How Foreign Investment, Multinationals, and Value Chains are Remaking Modern Economy

    • $119.99
    • $119.99

Publisher Description

This book presents an in-depth understanding of the transformation of modern economy in the twenty-first century by examining the interface and interplay of three key forces of contemporary global economy—Foreign Direct Investment (FDI), Multinational Enterprises (MNEs), and Global Value Chains (GVCs)—and how the emerging nexus of these forces has already ushered in revolutionary transformation in global production, investment, trade, and employment in recent decades.
A distinctive feature of the book is that it situates the contemporary GVC revolution—that envisages fragmentation and dispersion of production processes across the world based on competitive costs and quality—as a natural progression of the traditional FDIs-MNEs nexus, which emphasized internationalization of production and trade in search of profits, resources, markets, or cheap labour. Moreover, the book provides a comprehensive analysis, from historical, theoretical and empirical perspectives, of both traditional FDIs-MNEs Nexus that dominated the world economy until the end of the twentieth century, and of the New Nexus of FDIs-MNEs-GVCs, that has opened grand opportunities for global prosperity by providing short-cut paths to industrialization and economic growth for less developed countries.          
As an exemplar, the book examines GVCs in automobiles—a medium-tech manufacturing activity with numerous backward and forward linkages—to demonstrate how the FDI-MNE-GVC interface in this sector has wedged industrialization, employment, and trade in six emerging countries/regions—Brazil, Central and Eastern Europe, China, India, Mexico and Thailand.

GENRE
Business & Personal Finance
RELEASED
2018
April 19
LANGUAGE
EN
English
LENGTH
433
Pages
PUBLISHER
Springer International Publishing
SELLER
Springer Nature B.V.
SIZE
4
MB

More Books Like This

Routledge Handbook of Industry and Development Routledge Handbook of Industry and Development
2015
An Investment Perspective on Global Value Chains An Investment Perspective on Global Value Chains
2021
Production Networks and Enterprises in East Asia Production Networks and Enterprises in East Asia
2015
The Impact of International Trade and FDI on Economic Growth and Technological Change The Impact of International Trade and FDI on Economic Growth and Technological Change
2013
The Allocation and Motivation of Japanese and U.S. Foreign Direct Investment in an Economically Integrated Area: The Case of the European Union. The Allocation and Motivation of Japanese and U.S. Foreign Direct Investment in an Economically Integrated Area: The Case of the European Union.
2004
FDI in India FDI in India
2015

More Books by Caf Dowlah

Foundations of Modern Slavery Foundations of Modern Slavery
2021
Cross-Border Labor Mobility Cross-Border Labor Mobility
2020
The Bangladesh Liberation War, the Sheikh Mujib Regime, and Contemporary Controversies The Bangladesh Liberation War, the Sheikh Mujib Regime, and Contemporary Controversies
2016
International Trade, Competitive Advantage and Developing Economies International Trade, Competitive Advantage and Developing Economies
2015