Richard E. Caves

The third edition of this highly accessible book is designed for people who want to understand how multinational firms “work” and what their consequences for the economy and for political choices are. It is designed to be readily useful to students of economics and business administration and to scholars (teachers and researchers) with interests in multinational enterprises.

Multinational Enterprise and Economic Analysis

Jeffrey A. Frankel

Ronald Winthrop Jones

This edition contains revised and updated coverage of the multinational enterprise; an updated discussion on the political economy of trade controls; a new section on the Eastern European economies in transition, giving students a framework for understanding their economic effects on the world; an introductory chapter, setting up issues to be discussed in subsequent chapters, providing students with the necessary background; and a new section on trade policies and the development of newly industrialized countries. easily understandable by a wealth of issues and applications. The text's updated information includes material on the multinational enterprise, the political economy of trade controls, and the outcome of the Uruguay Round of international tariff negotiations and the new World Trade Organization.

An Introduction

World Trade and Payments

Grant L. Reuber

Between 1951 and 1962 nearly ten billion dollars in long-term capital (both direct investment and purchase of securities) flowed into Canada. This massive amount represented one third of all long-term capital moving among industrial nations. Its transfer marked the first time since before World War I that the world witnessed such a large-scale international movement of capital motivated primarily by a prospect of higher rates of return. In Capital Transfers and Economic Policy the authors test the theory of the causes and effects of international capital movements against the evidence drawn from Canada's experience. They explore Canada's adjustment to capital flows and show how the operation of her economic policy is affected by the sensitivity of capital flows to the country's interest rates and foreign-exchange rate. Their brilliant analysis is particularly valuable in light of current trends in capital flows among industrial nations and the June 1970 return of the Canadian dollar to a flexible exchange rate, which put the economy in a working situation similar to that of the fifties.

Capital Transfers and Economic Policy: Canada, 1951-1962

The third edition of Multinational Enterprise and Economic Analysis surveys the contributions that economic analysis has made to our understanding of why multinational enterprises exist and what consequences they have for the workings of the national and international economies. It shows how economic analysis can explain multinationals' activity patterns and how economics can shed conceptual light on problems of business policies and managerial decisions arising in practice. It addresses the welfare problems arising from multinationals' activities and the logic of governments' preferences and choices in their dealings with multinationals. Suitable for researchers, graduates and upper-level undergraduates. The third edition of this highly accessible book incorporates the many additions to our knowledge of multinationals accumulated in research appearing in the past decade.

"To explain the logic of these arrangements, the author draws on the analytical resources of industrial economics and the theory of contracts. He addresses the winner-take-all character of many creative activities that brings wealth and renown to some artists while dooming others to frustration; why the "option" form of contract is so prevalent; and why even savvy producers get sucked into making "ten-ton turkeys," such as Heaven's Gate."--BOOK JACKET.

Richard E. Caves

About

Books

Join the club