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"The Multinational Enterprise and the Emergence of the Global Factory" brings together research papers on three of the most important empirical and theoretical issues in the global economy. The first is the rise of the 'global factory', the dispersed network controlled by the multinational enterprise (MNE) consisting of a constellation of linked entities, orchestrated by the local firm. The second section of the book examines the growth of foreign direct investment (FDI) from emerging economies. These economies, particularly China and India, are a growing and significant source of FDI in the world economy, therefore deeming a thorough exploration. The third part looks at key recent developments in the theory of international business which are the institutional approach to FDI and the MNE, and the increasing integration of geographical and spatial concepts into international business theory. The fourth and final section ends the collection by examining UNCTAD's World Investment Report (WIR) over its first 20 years.

Business history and international business / Peter J. Buckley -- Internalisation thinking : from the multinational enterprise to the global factory / Peter J. Buckley -- The theory of international business pre-Hymer / Peter J. Buckley -- The governance of the multinational enterprise : insights from internalization theory / Peter J. Buckley and Roger Strange -- Formalizing internationalization in the eclectic paradigm / Peter J. Buckley and Niron Hashai -- The impact of the global factory on economic development / Peter J. Buckley -- Under what conditions do firms benefit from the research efforts of other organizations? / Mario I. Kafouros and Peter J. Buckley -- The role of internationalization in explaining innovation performance / Mario I. Kafourosa, Peter J. Buckley, John A. Sharp and Chengqi Wang -- Knowledge accession and knowledge acquisition in strategic alliances : the impact of supplementary and complementary dimensions / Peter J. Buckley, Keith W. Glaister, Elko Klijn and Hui Tan -- Do managers behave the way theory suggests? : a choice theoretic examination of foreign direct investment location decision making / Peter J. Buckley,Timothy M. Devinney and Jordan J. Louviere -- The role of headquarters in the global factory / Peter J. Buckley -- Close neighbours and distant friends : perceptions of cultural distance / Malcolm Chapman, Hanna Gajewska-De Mattos, Jeremy Clegg and Peter J. Buckley -- Doing business in developing and transitional countries, an empirical example of the dominant logic and its alternative / Peter J. Buckley, Malcolm Chapman, Jeremy Clegg and Hanna Gajewska-De Mattos -- The rise of the Japanese multinational enterprise : then and now / Peter J. Buckley -- Japanese multinational enterprises in China : successful adaptation of marketing strategies / Peter J. Buckley and Sierk A. Horn

This text explores four key issues in the world economy: the changing context of international business, the continuing pace of economic integration, international joint ventures and knowledge management. Specifically it examines how each one affects the strategies of multinational enterprises