NEIL HOOD is Professor of Business Policy at the University of Strathclyde and advisor and non-executive Director in a range of Public and Private companies. He is also co-director of the Strathclyde business unit.

• Introduction; S.Young Unleashing Innovation in Foreign Subsidiaries Subsidiary Development in German and Japanese Manufacturing Subsidiaries in the British Isles Multinational Subsidiary Evolution Building Firm: Specific Advantages in Multinational Corporations An Empirical Study of Development Processes in Foreign-Owned Subsidiaries in Canada and Scotland Multinationals and Regional Economic Development Strategic Evolution Within Japanese Manufacturing Plants in Europe European Locational Decisions of Japanese Manufacturers Global Strategies, Multinational Subsidiary Roles and Economic Impact in Scotland Inward Investment and the EC R&D Intensity in the Affiliates of US-Owned Electronic Companies Manufacturing in Scotland Foreign Direct Investment in Scotland US Investment In Scotland