[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-40594-en":3,"doc-seo-40594-105":29,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},40594,1374391975076,"Riley","https://ap-avatar.wpscdn.com/avatar/14000253ca4ec9f6853?x-image-process=image/resize,m_fixed,w_180,h_180&k=1783305029341752051",8,"Research & Report","Multinational Corporations and Foreign Direct Investment Avoiding Simplicity, Embracing Complexity","The book examines how multinational corporations relate to foreign direct investment (FDI), emphasizing that simplistic explanations fail to capture the true range of firm behavior, investment types, and country impacts. It develops core concepts and definitions, traces the evolution of multinationals, and analyzes heterogeneity, perceptions, and economic ideologies. The study then evaluates why firms invest abroad, where they invest, and how FDI reshapes trade and international order, culminating in debates for and against FDI and an agnostic “it depends” conclusion.","Multinational Corporations and Foreign Direct Investment  \nThis page intentionally left blank  \nMultinational Corporationsand Foreign Direct Investment Avoiding Simplicity, Embracing Complexity  \nStephen D. Cohen  \n1  \n1  \nOxford University Press, Inc., publishes works that further Oxford University’s objective of excellence  \nin research, scholarship, and education.  \nOxford New York  \nAuckland Cape Town Dar es Salaam Hong Kong Karachi Kuala Lumpur Madrid Melbourne Mexico City Nairobi New Delhi Shanghai Taipei Toronto  \nWith offices in  \nArgentina Austria Brazil Chile Czech Republic France Greece Guatemala Hungary Italy Japan Poland Portugal Singapore South Korea Switzerland Thailand Turkey Ukraine Vietnam  \nCopyright \\# 2007 by Oxford University Press  \nPublished by Oxford University Press, Inc.  \n198 Madison Avenue, New York, New York 10016 [www.oup.com](www.oup.com)  \nOxford is a registered trademark of Oxford University Press  \nAll rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise,  \nwithout the prior permission of Oxford University Press.  \nLibrary of Congress Cataloging-in-Publication Data Cohen, Stephen D.  \nMultinational corporations and foreign direct investment: avoiding simplicity, embracing complexity / Stephen D. Cohen.  \n[p. cm](p. cm).  \nIncludes index.  \nISBN-13 978-0-19-517935-4; 978-0-19-517936-1 (pbk.)  \nISBN 0-19-517935-8; 0-19-517936-6 (pbk.)  \n1. International business enterprises—Finance. 2. Investments, Foreign. I. Title. HG4027 .5.C64 2006  \n332.67'314—dc22 2006010605  \n9 8 7 6 5 4 3 2 1 Printed in the United States of America  \non acid-free paper  \nAcknowledgments  \nGiven what for me was a formidable challenge to say the least, it is no pro forma courtesy to thank a number of people whose assistance was invaluable in researching and editing this book. First off, I extend a deeply felt appreciation for the contributions of Daniel de Torres and Craig Matasick, who performed magnificently during their two-year stints as my graduate assistants. The exact same feelings are extended to Erin Teeling and Christopher B. Doolin Jr.; their tenures as my graduate assistants were shorter, but their contributions were of the same high quality. It is fact, not just courtesy, to say that without their collective research and editing talents, my work schedule would have been much longer, more painful, and less productive, not to mention the end product being less accurate and more verbose.  \nThe text of several chapters has benefited from the expertise of professional colleagues and personal acquaintances. I thank them very much for the time and effort they spent in offering me many valuable suggestions on the chapter or chapters they read. In alphabetical order, they are Michelle Egan, Roger Golden, Louis W. Goodman, Tammi Gutner, and Stephen Kobrin.  \nGiven the content and approach of this study, the standard disclaimer needs to be emphasized: None of the acknowledged persons is responsible for factual errors, subjective interpretations, or conclusions. These should be attributed solely to the author.  \nFinally, I thank my wife, Linda, and children, Sondra and Marc, for their patience while I spent a lot of time working on this project.  \nThis page intentionally left blank  \nContents  \nAbbreviations ix  \nIntroduction 3  \nPart I Fundamentals  \n1 A Better Approach to Understanding Foreign  \nDirect Investment and Multinational Corporations 11  \n2 Defining the Subject: Subtleties and Ambiguities 27  \n3 From Obscurity to International Economic Powerhouse:  \nThe Evolution of Multinational Corporations 41  \n4 Heterogeneity: The Many Kinds of Foreign Direct  \nInvestment and Multinational Corporations and  \nTheir Disparate Effects 62  \n5 Perceptions and Economic Ideologies 93  \nPart II The Strategy of Multinationals  \n6 Why Companies Invest Overseas 117  \n7 Where Multinational Co","cbCaib43gx78fKSF","https://ap.wps.com/l/cbCaib43gx78fKSF","pdf",2328541,1,382,"English","en",105,"# Introduction\n# Part I Fundamentals\n## A Better Approach to Understanding Foreign Direct Investment and Multinational Corporations\n## Defining the Subject: Subtleties and Ambiguities\n## The Evolution of Multinational Corporations\n## Heterogeneity and Disparate Effects\n## Perceptions and Economic Ideologies\n# Part II The Strategy of Multinationals\n## Why Companies Invest Overseas\n## Where Multinational Corporations Invest and Don’t Invest and Why\n# Part III Impact on the International Order\n## Effects of Foreign Direct Investment on Less Developed Countries\n## Why and How Multinational Corporations Have Altered International Trade\n## Multinational Corporations versus the Nation-State\n## The International Regulation of Multinational Corporations\n# Part IV Three Bottom Lines\n## The Case for Foreign Direct Investment and Multinational Corporations\n## The Case against Foreign Direct Investment and Multinational Corporations\n## An Agnostic Conclusion: “It Depends”\n# Part V Recommendations\n## An Agenda for Future 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