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Transformations of Global Prosperity : How Foreign Investment, Multinationals, and Value Chains are Remaking Modern Economy / Caf Dowlah.

Dowlah, C. A. F., author.
2018
HF1359
Available Online
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Title
Transformations of Global Prosperity : How Foreign Investment, Multinationals, and Value Chains are Remaking Modern Economy / Caf Dowlah.
Author
Dowlah, C. A. F., author.
ISBN
9783319711058 (electronic book)
3319711059 (electronic book)
9783319711041
Published
Cham, Switzerland : Springer Science and Business Media : Palgrave Macmillan, 2018.
Language
English
Description
1 online resource : illustrations
Call Number
HF1359
Dewey Decimal Classification
337
Summary
This book presents an in-depth understanding of the transformation of modern economy in the twenty-first century by examining the interface and interplay of three key forces of contemporary global economy - Foreign Direct Investment (FDI), Multinational Enterprises (MNEs), and Global Value Chains (GVCs) - and how the emerging nexus of these forces has already ushered in revolutionary transformation in global production, investment, trade, and employment in recent decades. A distinctive feature of the book is that it situates the contemporary GVC revolution - that envisages fragmentation and dispersion of production processes across the world based on competitive costs and quality - as a natural progression of the traditional FDIs-MNEs nexus, which emphasized internationalization of production and trade in search of profits, resources, markets, or cheap labour. Moreover, the book provides a comprehensive analysis, from historical, theoretical and empirical perspectives, of both traditional FDIs-MNEs Nexus that dominated the world economy until the end of the twentieth century, and of the New Nexus of FDIs-MNEs-GVCs, that has opened grand opportunities for global prosperity by providing short-cut paths to industrialization and economic growth for less developed countries. As an exemplar, the book examines GVCs in automobiles - a medium-tech manufacturing activity with numerous backward and forward linkages - to demonstrate how the FDI-MNE-GVC interface in this sector has wedged industrialization, employment, and trade in six emerging countries/regions - Brazil, Central and Eastern Europe, China, India, Mexico and Thailand.-- Provided by publisher.
Bibliography, etc. Note
Includes bibliographical references and index.
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Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (viewed April 25, 2018).
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Intro; Preface; Contents; Acronyms and Abbreviations; Abbreviation of Countries; List of Figures; List of Tables; List of Boxes; 1: Introduction; 2: The Traditional Nexus of Multinational Enterprises and Foreign Direct Investment; 2.1 Historical Evolution; 2.2 Trends in Global FDI Flows; 2.3 Trends in Global FDI Stocks; 2.4 Underlying Dynamics of FDI Flows; 2.5 Reverse FDI Outflows; 2.6 Growth of MNEs; References; 3: Theoretical Foundations of Traditional FDI-MNE Nexus; 3.1 Major Theories of FDI-MNE Nexus; 3.2 Theories Focused on Particular Dimensions

3.3 The Perspectives of Developing EconomiesReferences; 4: The Traditional Nexus of FDI-MNE-Empirical Findings; 4.1 Economic Growth and Development; 4.2 Transfer of Knowledge and Technology; 4.3 Income Inequality in Host Countries; 4.4 Major Criticisms of The FDI-MNE Nexus; References; 5: The New Nexus of Foreign Investment, Multinationals, and Global Value Chains; 5.1 Conceptual and Theoretical Contexts of GVCs; 5.2 Methodological Developments in GVC Analysis; 5.3 The Scale of GVC Participation; References; 6: Global Value Chains in Automobiles

6.1 Evolution of the Automobile Industry6.2 Evolution of GVCs in Automobiles; 6.3 Trends in Global Automobile Production; References; 7: Case Studies on Global Value Chains in Automobiles; 7.1 The Brazilian Auto Industry; 7.2 The Central and Eastern European Automobile Industry; 7.3 The Chinese Automobile Industry; 7.4 The Indian Automobile Industry; 7.5 The Mexican Automotive Industry; 7.6 The Thai Automobile Industry; References; 8: The New Nexus and the Emerging Trends in Global Employment and Specialization; 8.1 Linkage Between Employment, Trade, Investment, and Value Chains

Trade and EmploymentForeign Direct Investment and Employment; Global Value Chains and Employment; 8.2 Evolving Trends in Employment and Specialization; 8.3 Underlying Forces for the Change; References; 9: The New Nexus of FDI-MNEs-GVCs and the Transformation of Global Prosperity; 9.1 Reversal of Fortunes of the North and the South; 9.2 Shift of Manufacturing Activities to Developing Countries; 9.3 New Paths for Industrialization of Developing Countries; 9.4 Shift of Global Center of Growth to Developing Countries; References; Index

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