Transformations of Global Prosperity - How Foreign Investment, Multinationals, and Value Chains are Remaking Modern Economy (Hardcover, 1st ed. 2018)

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.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Release date:	April 2018
First published:	2018
Authors:	Caf Dowlah
Dimensions:	210 x 148mm (L x W)
Format:	Hardcover
Pages:	408
Edition:	1st ed. 2018
ISBN-13:	978-3-319-71104-1
Categories:	Books > Business & Economics > Economics > Development economics Books > Business & Economics > Business & management > International business Books > Business & Economics > Economics > International economics > General
LSN:	3-319-71104-0
Barcode:	9783319711041

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