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Books > Business & Economics > Business & management > International business
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Transformations of Global Prosperity - How Foreign Investment, Multinationals, and Value Chains are Remaking Modern Economy (Hardcover, 1st ed. 2018)
Loot Price: R4,211
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Transformations of Global Prosperity - How Foreign Investment, Multinationals, and Value Chains are Remaking Modern Economy (Hardcover, 1st ed. 2018)
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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.
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