Abstract
This essay addresses the recent deceleration in the pace of global FDI and asks whether multinational corporations are actually in retreat. It identifies the forces that are slowing the expansion of FDI, and sketches the role that multinational corporations will play in the future.
References
Alstadsæter, A., S. Barrios, G. Nicodeme, A.M. Skonieczna, and A. Vezzani. (2018). Patent boxes design, patents location, and local R&D. Economic Policy, 33(93), 131–177. https://doi.org/10.1093/epolic/eix02110.1093/epolic/eix021Search in Google Scholar
Chazan, G. (2017). Germany expands powers to block takeovers. The Financial TimesOnline. https://www.ft.com/content/5087c106-66fc-11e7-9a66-93fb352ba1fe. Accessed 7 January 2019.Search in Google Scholar
Davies, R.B., R. Desbordes, and A. Ray. (2018). Greenfield vs. merger and acquisition FDI: Same wine, different bottles? Canadian Journal of Economics, 51(4), 1151–1190. https://doi.org/10.1111/caje.1235310.1111/caje.12353Search in Google Scholar
Davies, R.B. and Z. Studnicka. (2018). The Heterogeneous Impact of Brexit: Early Indications from the FTSE. European Economic Review, 110, 1–17. https://doi.org/10.1016/j.euroecorev.2018.08.00310.1016/j.euroecorev.2018.08.003Search in Google Scholar
European Union Joint Research Centre. (2018). The 2017 EU Industrial R&D Investment Scoreboard. Luxemburg: Publication Office of the European Union. http://iri.jrc.ec.europa.eu/scoreboard17.htmlSearch in Google Scholar
Economist (2017). The multinational company is in trouble. The Economist Online. https://www.economist.com/leaders/2017/01/28/the-multinational-company-is-in-trouble Accessed 7 January 2019.Search in Google Scholar
OECD. (2017). FDI Regulatory Restrictiveness Index. http://www.oecd.org/investment/fdiindex.htm Accessed 7 January 2019.Search in Google Scholar
OECD. (2019). OECD.Stat. https://stats.oecd.org/ Accessed 7 January 2019.Search in Google Scholar
Skeie, Ø.B., Å. Johansson, C. Menon and S. Sorbe (2017). Innovation, patent location, and tax planning by multinationals. OECD Working Paper No. 1360. https://doi.org/10.1787/b08459e5-en10.1787/b08459e5-enSearch in Google Scholar
Tørsløv, T. L. Wier, and G. Zucman (2018). The missing wealth of nations. NBER Working Paper 24701. https://www.nber.org/papers/w24701Search in Google Scholar
Vanian, J. (2019) Here's what analysts are saying about Apple's slowing I-phone sales. Fortune Online. http://fortune.com/2019/01/03/apple-iphone-sales-china-analysts/ Accessed 7 January 2019.Search in Google Scholar
© 2019 Ronald B. Davies, published by Sciendo
This work is licensed under the Creative Commons Attribution 4.0 International License.
