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The Role of Multinational Companies in International Business Integration

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  • Gabor Hunya

    () (The Vienna Institute for International Economic Studies, wiiw)

Abstract

Summary This paper looks at the changing role of the EU-27-based multinational companies in the global economy as compared with the main regions of the world. It makes conclusions reflecting on the framework conditions of various global development scenarios defined in the framework an international research project of the Seventh Framework Programme of the EU, ‘AUGUR’ (http //www.augurproject.eu/). First we summarize the findings of recent research on corporate internationalization and international sourcing strategies. Then we turn to the analysis of FDI balance of payments statistics, mainly change in stocks by main regions and by main economic activities. We distinguish between the two main forms of foreign market entry of investors, M&A and greenfield investments. For greenfield investment projects we keep track of the number of investment projects, investment value and business activity. Based on available data we prepared a ten-year projection for the 2010s revealing possible future shifts in the power relations between various parts of the world in terms of FDI and corporate development. The findings are summarized based on four different international integration scenarios prepared in the framework of the AUGUR project.

Suggested Citation

  • Gabor Hunya, 2012. "The Role of Multinational Companies in International Business Integration," wiiw Research Reports 384, The Vienna Institute for International Economic Studies, wiiw.
  • Handle: RePEc:wii:rpaper:rr:384
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    File URL: https://wiiw.ac.at/the-role-of-multinational-companies-in-international-business-integration-dlp-2704.pdf
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    References listed on IDEAS

    as
    1. Roger Bandick & Holger Görg & Patrik Karpaty, 2016. "Foreign Acquisitions, Domestic Multinationals, and R&D," World Scientific Book Chapters,in: MULTINATIONAL ENTERPRISES AND HOST COUNTRY DEVELOPMENT Volume 53: World Scientific Studies in International Economics, chapter 4, pages 53-77 World Scientific Publishing Co. Pte. Ltd..
    2. Thorbecke, Willem & Salike, Nimesh, 2011. "Understanding Foreign Direct Investment in East Asia," ADBI Working Papers 290, Asian Development Bank Institute.
    3. Gabor Hunya & Roman Stöllinger, 2009. "Foreign Direct Investment Flows between the EU and the BRICs," wiiw Research Reports 358, The Vienna Institute for International Economic Studies, wiiw.
    4. Stiebale, Joel, 2010. "The Impact of Foreign Acquisitions on the Investors' R&D Activities – Firm-level Evidence," Ruhr Economic Papers 161, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    5. Ambos, Tina C. & Ambos, Björn & Schlegelmilch, Bodo B., 2006. "Learning from foreign subsidiaries: An empirical investigation of headquarters' benefits from reverse knowledge transfers," International Business Review, Elsevier, vol. 15(3), pages 294-312, June.
    6. Thierry Mayer & Gianmarco Ottaviano, 2008. "The Happy Few: The Internationalisation of European Firms," Intereconomics: Review of European Economic Policy, Springer;German National Library of Economics;Centre for European Policy Studies (CEPS), vol. 43(3), pages 135-148, May.
    7. Börje Johansson & Hans Lööf & Bernd Ebersberger, 2010. "The Innovation and Productivity Effect of Foreign Takeover of National Assets," Chapters,in: Entrepreneurship and Regional Development, chapter 12 Edward Elgar Publishing.
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    Cited by:

    1. Imola Drigă & Codruța Dura, 2013. "New Trends Regarding OFDI From Russia," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 13(2), pages 41-50.

    More about this item

    Keywords

    FDI; multinational companies; global development scenarios; EU integration;

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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