This unique textbook provides a comprehensive critical analysis of modern theories, concepts and effects relating to transnational corporations and international production. Its user-friendly presentation includes boxes to highlight key concepts as well as suggestions for further reading. The text begins with a clear and concise discussion of basic concepts, and goes on to examine various theoretical approaches, topics and authors including: Hymer, Vernon, Knickerbocker, Aliber, Dunning, Cantwell, Cowling and Sugden the Internalisation Theory, the Scandinavian School, and the New Trade Theory approaches Pre-WWII Marxist and neoclassical approaches to international investment. Finally, Grazia Ietto-Gillies deals with methodological issues in the assessment of effects as well as with specific effects on performance, labour, international trade and the balance of payments. Bringing together wide-ranging research literature on TNCs for the first time, this textbook will be invaluable to post graduate and advance undergraduate students of a variety of disciplines including business/international business, economics, international relations, and development studies. Lecturers and researchers wishing to familiarize themselves with the theoretical developments of the subject will also find the book of enormous interest.
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