IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Spoilt for Choice? Multinational Corporations and the Geography of International Production

Listed author(s):
  • Kozul-Wright, Richard
  • Rowthorn, Robert
Registered author(s):

    This paper questions the view that foreign direct investment (FDI) is producing an integrated world production and trading system. Although multinational firms have a greater choice of locations than in the past, their recent investments abroad have taken place within a regional, rather than global, framework. The upsurge of FDI flows from North to South has been attracted by just a handful of fast-growing developing countries. The paper disputes the claim that the road to development is for poor countries to attract FDI on the scale observed in such countries as Malaysia. This claim involves a fallacy of composition. While FDI can make a valuable contribution, most countries will have to rely mainly on their own resources and indigenous producers. The paper argues that current proposals for a Multilateral Agreement on Investment neglect both the regional aspects of integration and the need of poorer countries to promote their domestic supply capabilities. Conflicts of interest which are ignored in the current rhetoric suggest the continuing relevance of a strategic policy approach to international production. Copyright 1998 by Oxford University Press.

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below under "Related research" whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Article provided by Oxford University Press in its journal Oxford Review of Economic Policy.

    Volume (Year): 14 (1998)
    Issue (Month): 2 (Summer)
    Pages: 74-92

    in new window

    Handle: RePEc:oup:oxford:v:14:y:1998:i:2:p:74-92
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:oup:oxford:v:14:y:1998:i:2:p:74-92. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)

    or (Christopher F. Baum)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.