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Transformations of Global Prosperity

- How Foreign Investment, Multinationals, and Value Chains are Remaking Modern Economy

Bag om Transformations of Global Prosperity

This book presents an in-depth understanding of the transformation of modern economy in the twenty-first century by examining the interface and interplay of three key forces of contemporary global economy-Foreign Direct Investment (FDI), Multinational Enterprises (MNEs), and Global Value Chains (GVCs)-and how the emerging nexus of these forces has already ushered in revolutionary transformation in global production, investment, trade, and employment in recent decades. A distinctive feature of the book is that it situates the contemporary GVC revolution-that envisages fragmentation and dispersion of production processes across the world based on competitive costs and quality-as a natural progression of the traditional FDIs-MNEs nexus, which emphasized internationalization of production and trade in search of profits, resources, markets, or cheap labour. Moreover, the book provides a comprehensive analysis, from historical, theoretical and empirical perspectives, of both traditional FDIs-MNEs Nexus that dominated the world economy until the end of the twentieth century, and of the New Nexus of FDIs-MNEs-GVCs, that has opened grand opportunities for global prosperity by providing short-cut paths to industrialization and economic growth for less developed countries.           As an exemplar, the book examines GVCs in automobiles-a medium-tech manufacturing activity with numerous backward and forward linkages-to demonstrate how the FDI-MNE-GVC interface in this sector has wedged industrialization, employment, and trade in six emerging countries/regions-Brazil, Central and Eastern Europe, China, India, Mexico and Thailand.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9783030100148
  • Indbinding:
  • Paperback
  • Sideantal:
  • 408
  • Udgivet:
  • 26. januar 2019
  • Udgave:
  • 12018
  • Størrelse:
  • 148x210x0 mm.
  • Vægt:
  • 567 g.
  • 8-11 hverdage.
  • 16. januar 2025
Forlænget returret til d. 31. januar 2025
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Beskrivelse af Transformations of Global Prosperity

This book presents an in-depth understanding of the transformation of modern economy in the twenty-first century by examining the interface and interplay of three key forces of contemporary global economy-Foreign Direct Investment (FDI), Multinational Enterprises (MNEs), and Global Value Chains (GVCs)-and how the emerging nexus of these forces has already ushered in revolutionary transformation in global production, investment, trade, and employment in recent decades. A distinctive feature of the book is that it situates the contemporary GVC revolution-that envisages fragmentation and dispersion of production processes across the world based on competitive costs and quality-as a natural progression of the traditional FDIs-MNEs nexus, which emphasized internationalization of production and trade in search of profits, resources, markets, or cheap labour. Moreover, the book provides a comprehensive analysis, from historical, theoretical and empirical perspectives, of both traditional FDIs-MNEs Nexus that dominated the world economy until the end of the twentieth century, and of the New Nexus of FDIs-MNEs-GVCs, that has opened grand opportunities for global prosperity by providing short-cut paths to industrialization and economic growth for less developed countries.           As an exemplar, the book examines GVCs in automobiles-a medium-tech manufacturing activity with numerous backward and forward linkages-to demonstrate how the FDI-MNE-GVC interface in this sector has wedged industrialization, employment, and trade in six emerging countries/regions-Brazil, Central and Eastern Europe, China, India, Mexico and Thailand.

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