Foreign Direct Investment

MAGNUS BLOMSTROM is Professor at the European Institute of Japanese Studies, Stockholm School of Economics.ARI KOKKO and MARIO ZEJAN are lecturers at the same institution.

• Introduction PART ONE: FIRM STRATEGIES Modes of International Investment Why do Multinationals Seek Out Joint Ventures? Entry Strategies: New Ventures or Acquisitions R & D Activities in Affiliates of Swedish MNCs Intra-Firm Trade and Swedish Multinationals MNCs and Structural Adjustment in Latin America: Lessons from the Debt Crisis PART TWO: HOST COUNTRY STRATEGIES Foreign Investment and Spillovers: A Survey Multinationals and Productivity Convergence in Mexico Technology, Market Characteristics and Spillovers Local Technological Capability and Productivity Spillovers from FDI in the Uruguayan Manufacturing Sector Productivity Spillovers from Competition between Local Firms and Foreign Affiliates Policies to Encourage Inflows of Technology through Foreign Multinationals Host Country Competition, Labour Skills, and Technology Transfer by Multinationals

'An excellently crafted monograph. One of the most thorough and incisive economic evaluations of the determinants and impact of foreign direct investments that I have read.' - John H. Dunning, Emeritus Professor of International Business, University of Reading