MNEs have been involved in Thai manufacturing since the early 1960s but despite this significant involvement their role in the industrialization process remains a controversial issue. This book has three main foci: to evaluate the impact of MNE involvement in Thai manufacturing to gain insight into the principal mechanisms by which MNEs contribute to the industrialization process and obstacles that prevent them from functioning more effectively to recommend policies for maximising the benefits from MNE involvement. The key hypothesis proposed by the author is that gains from MNE involvement are conditioned by the policy environment of the host country. The scope of MNE involvement studies uniquely covers not only FDI but also non-FDI. The study also draws together valuable conclusions and outlines policy lessons for other developing countries. Multinational Enterprises and Industrial Transformation will appeal to post-graduate and advanced undergraduate students in subject areas of international economics, industrial organization, economic growth, development economics and Asian economic development. Professional economists, policy makers and researchers working on industrial organization, international capital mobility and economic growth issues in developing countries will also find much to engage them within the book.