IDEAS home Printed from https://ideas.repec.org/a/oup/oxford/v14y1998i2p74-92.html
   My bibliography  Save this article

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

Author

Listed:
  • Kozul-Wright, Richard
  • Rowthorn, Robert

Abstract

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.

Suggested Citation

  • Kozul-Wright, Richard & Rowthorn, Robert, 1998. "Spoilt for Choice? Multinational Corporations and the Geography of International Production," Oxford Review of Economic Policy, Oxford University Press, vol. 14(2), pages 74-92, Summer.
  • Handle: RePEc:oup:oxford:v:14:y:1998:i:2:p:74-92
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below 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.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gary A.S. Cook & Naresh R. Pandit, 2014. "Agglomeration and flows of outward direct investment: an analysis of financial services in the United Kingdom," Chapters,in: Agglomeration, Clusters and Entrepreneurship, chapter 3, pages 52-65 Edward Elgar Publishing.
    2. Ben Ferrett & Ian Wooton, 2010. "Tax competition and the international distribution of firm ownership: an invariance result," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 17(5), pages 518-531, October.
    3. Gary A.S. Cook & Hans Lööf & Naresh R. Pandit & Börje Johansson, 2012. "The influence of clustering on MNE location and innovation in Great Britain," Chapters,in: Entrepreneurship, Social Capital and Governance, chapter 3, pages 53-82 Edward Elgar Publishing.
    4. Ben Ferrett & Ian Wooton, 2010. "Competing for a duopoly: international trade and tax competition," Canadian Journal of Economics, Canadian Economics Association, vol. 43(3), pages 776-794, August.
    5. Richard Mash, 2000. "Host Country-Foreign Investor Bargaining Power and Investment Incentive Provisions in Multilateral Investment Agreements," Economics Series Working Papers 47, University of Oxford, Department of Economics.
    6. Éltető, Andrea, 2000. "Az Európai Unióval folytatott magyar és spanyol feldolgozóipari kereskedelem szerkezete
      [The structure of Hungarian and Spanish manufacturing trade with the European Union]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 275-289.
    7. Grazia Ietto-Gillies, 2011. "The Role of Transnational Corporations in the Globalisation Process," Chapters,in: The Handbook of Globalisation, Second Edition, chapter 8 Edward Elgar Publishing.
    8. Cook, Gary A.S. & Pandit, Naresh R. & Lööf, Hans & Johansson, Börje, 2012. "Geographic clustering and outward foreign direct investment," International Business Review, Elsevier, vol. 21(6), pages 1112-1121.
    9. Gary A.S. Cook & Naresh R. Pandit, 2012. "Clustering and the Location of Multinational Enterprises: An Exploration of Financial Services in London," Chapters,in: The Regional Economics of Knowledge and Talent, chapter 11 Edward Elgar Publishing.
    10. Dunning, John H., 2004. "The contribution of British scholarship to international business studies," International Business Review, Elsevier, vol. 13(2), pages 257-279, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. 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). General contact details of provider: https://academic.oup.com/oxrep .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.