This collection of essays shows the high degree of complementarity between foreign direct investment and home export, challenging the long held fear that firms investing abroad leads to a loss of employment and decline in the home country.

We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment (FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity gains for domestic firms. The size of FDI spillovers is economically important, accounting for about 11 percent of productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for import-related spillovers, but it is weaker than for FDI spillovers. The paper also gives a detailed account of why our study leads to results different from those found in previous work. This analysis indicates that our results are also likely to apply to other countries and periods.

Monograph on the role of USA based multinational enterprise and influence on international relations - covers historical origins, social role, labour relations, technology transfer, taxation, ethics, balance of payments, international organization and mechanisms for control and regulation, etc. Bibliography pp. 322 to 326, references and statistical tables.

Pt. 1. The ingredients -- pt. 2. The governance of localised technological knowledge -- pt. 3. The introduction of localised technological change.

The editors are experienced, well published authors in the area of innovation and economic development. This book offers a wide coverage of issues within Europe.