£31.50
Publication Date:
20 Apr 2021
Publisher:
Bloomsbury Publishing US
Imprint:
Brookings Institution Press
For delivery:
Download available
Description
How multinationals contribute, or don't, to global prosperityGlobalization and multinational corporations have long seemed partners in the enterprise of economic growth: globalization-led prosperity was the goal, and giant corporations spanning the globe would help achieve it. In recent years, however, the notion that all economies, both developed and developing, can prosper from globalization has been called into question by political figures and has fueled a populist backlash around the world against globalization and the corporations that made it possible.In an effort to elevate the sometimes contentious public debate over the conduct and operation of multinational corporations, this edited volume examines key questions about their role, both in their home countries and in the rest of the world where they do business. Is their multinational nature an essential driver of their profits? Do U.S. and European multinationals contribute to home country employment? Do multinational firms exploit foreign workers? How do multinationals influence foreign policy? How will the rise of the digital economy and digital trade in services affect multinationals?In addressing these and similar questions, the book also examines the role that multinational corporations play in the outcomes that policymakers care about most: economic growth, jobs, inequality, and tax fairness.
Contents
Contents:
Acknowledgments
1. Multinational Activity in the Modern World, C. Fritz Foley, James R. Hines Jr., Raymond J. Mataloni Jr., and David Wessel
2. The Structure of Multinational Firms' International Activities, Ronald B. Davies and James R. Markusen
3. Multinational Firms' Market Entry and Expansion, with Evidence from Eastern Europe, Catherine Thomas and Andrew B. Bernard
4. The International Market for Corporate Control, Anusha Chari
5. The Corporate Finance of Multinational Firms, Isil Erel, Yeejin Jang, and Michael S. Weisbach
6. Do Multinational Firms Export Jobs?, Lindsay Oldenski
7. Do Multinational Corporations Exploit Foreign Workers?, Emma Aisbett, Ann E. Harrison, David I. Levine, Jason Scorse, and Jed Silver
8. The New Global Invention Machine: A Look Inside the R&D Networks of U.S. Multinationals, Lee Branstetter, Britta Glennon, and J. Bradford Jensen
9. Multinationals in the Digital Economy, Benjamin Edelman
10. Tax Avoidance and Multinational Firm Behavior, Scott Dyreng and Michelle Hanlon
11. Do Multinational Firms Use Tax Havens to the Detriment of Non-Haven Countries?, Dhammika Dharmapala
12. Multinational Corporations and Their Influence through Lobbying on Foreign Policy, In Song Kim and Helen V. Milner
13. Principles for Policymakers, C. Fritz Foley, James R. Hines Jr., and David Wessel
Contributors
Index
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