Rugman Reviews nternation Alan M. Rugman macmiUan
Rugman Reviewsnternation
Alan M. Rugman
macmiUan
Contents
List of Figures and Tables xxii
Preface xxiii
Introduction xxv
Part I Theory of the Multinational Enterprise
Introduction to Part I (includes the, FSA/CSA Framework) 3
7 The Multinational Enterprise 13John H. Dunning (ed.). New York: Praeger, 1972Review reprinted from: Southern Economic Journal 40(1) (July1973): 156-157
2 Oligopolistic Reaction and Multinational Enterprise 16Frederick T. Knickerbocker. Boston: Division ofResearch, Graduate School of BusinessAdministration, Harvard University, 1973Review reprinted from: Eastern Economic Journal, 1(1)(January 1974): 86-87
3 Managing the Multinational Enterprise 19John M. Stopford and Louis T. Wells, Jr. New York:Basic Books; London: Longman, 1972Unpublished review, 1973
4 Transfer Pricing in Multinational Firms: A HeuristicProgramming Approach and a Case Study 22Lars Nieckels. Stockholm: Almqvist and Wiksell;New York: John Wiley, 1976Review reprinted from: Journal of International Economics 7(2)(May 1977): 217-219
5 The Future of the Multinational Enterprise 25Peter J. Buckley and Mark Casson. London:Macmillan; Teaneck, NJ: Holmes and Meier, 1976Review reprinted from: Southern Economic Journal 44(2)(October 1977): 410-411
6 The Multinational Corporation and the Resource Costof International Technology Transfer 28D.J. Teece. Cambridge, MA: Ballinger, 1977.Distributed by J. Wiley & SonsReview reprinted from: The Economic Journal 87(347)(September 1977): 666
7 A Bibliography of International Business 29Michael Z. Brooke, Mary Black, and Paul Neville.London: Macmillan, 1977Review reprinted from: The Economic Journal 87(348)(December 1977): 832
8 Political Risks in International Business: InvestmentBehavior of Multinational Corporations 30Lars H. Thunell. New York: Praeger, 1977.Distributed by Martin RobertsonReview reprinted from: The Economic Journal 88(349) (March1978): 200
9 Storm over the Multinationals: The Real Issues 32Raymond Vernon. London: Macmillan, 1977Review reprinted from: The Economic Journal 88(350) (June1978): 404
10 The International Operations of National Firms:A Study of Direct Foreign Investment 33By Stephen H. Hymer. Cambridge, MA: MITPress, 1976Review reprinted from: Journal of International Business Studies,9(2) (Fall 1978): 103-104
n Research and Development Abroad by U.S.Multinationals 36Robert Ronstadt. New York; London: Praeger, 1977Review reprinted from: The Economic Journal 88(351)(September 1978): 640
CONTENTS
72 European Research in International Business 37
Michel Gher tman and James Leontiades.
Ams te rdam: Nor th Ho l land Publ ish ing Co., 1978Review reprinted from: The Economic Journal 89(353) (March1979): 219-220
73 The Multinational Corporation: A Radical Approach 38
Stephen H. Hymer. Robert B. Cohen et al. (eds).
Cambridge: Cambridge University Press, 1979Review reprinted from: The Economic Journal 90(360)(December 1980): 985
14 Technology Licensing and Multinational Enterprises 39
Piero Telesio. New York: Praeger, 1979Review reprinted from: The Economic Journal 90(360)(December 1980): 986-987
75 The World Directory of Multinational Enterprises 41
John M. Stopford, John H. Dunning and Klaus
O. Haberich (eds). London: Macmillan, 1980Review reprinted from: The Economic Journal 91(364)(December 1981): 1112-1113
16 The Multinational Corporation 43
Sanjaya Lall. London: Macmillan, 1980Review reprinted from: The Economic Journal 92(365) (March1982): 196-198
77 Multinational Management 46
David Rutenberg. Boston: Litt le, Brown and
Company, 1982Review reprinted from: Journal of International Business Studies14(2) (Fall 1983): 160-162
78 The Multinational Corporation in the 7980s 50
Charles P. Kindleberger and David B. Audretsch
(eds). Cambridge, MA; London: MIT Press, 1983Review reprinted from: The World Economy (September 1983): 356
79 Multinational Enterprises and Economic Analysis 52
Richard E. Caves. Cambridge and New York:
Cambridge University Press, 1982Review reprinted from: Canadian Journal of Economics 16(4)(November 1983): 742-744
CONTENTS
20 Multinational Excursions 55
Charles P. Kindleberger. Cambridge, MA; London:
MIT Press, 1984Review reprinted from: The Economic Journal 95(379)(September 1985): 865
27 Third World Multinationals: The Rise of Foreign Direct
Investment from Developing Countries 56
Louis T. Wells, Jr. London: MIT Press, 1983, Review reprinted from: Third World Affairs (1986): 444-445
22 Licensing in International Strategy: A Guide for
Planning and Negotiations 60
Farok Contractor. Westport, CT: Quorum Books, 1985Review reprinted from: Journal of International Business Studies,18(1) (Spring 1987): 99-101
23 Clobal Capitalism at Bay? 64
John H. Dunning. London; New York:
Routledge, 2001Review reprinted from: Transnational Corporations 11(1) (April2002): 113-116
24 Politics and International Investment 68
Witold Henisz. Cheltenham: Edward Elgar, 2002Review reprinted from: Journal of International Business Studies34(2) (March 2003): 223-225
Part II International Finance and International
Economics
Introduction to Part II (includes the Integration/National
Responsiveness Framework) 75
25 Managing Across Borders: The Transnational Solution 81
Christopher A. Bartlett and Sumantra Ghoshal.
Boston: Harvard Business School Press, 1989Review reprinted from: The Globe and Mail (Toronto, Canada)(October 9, 1989): B2
CONTENTS
International Finance26 The Floating Canadian Dollar: Exchange Flexibility and
Monetary Independence 84Paul Wonnacott. Washington, DC: AmericanEnterprise Institute for Public Policy Research, 1972Review reprinted from: Canadian Journal of Economics 6(i)(February 1973): 140-141
27 International Monetary Policy: Bretton Woods and After 86W.M. Scammell. London: Macmillan, 1975Review reprinted from: Kyklos 29(1) (1976): 180-181
28 Financial Policies for the Multinational Company: TheManagement of Foreign Exchange 88R. Aggarwal. New York: Praeger, 1976, distributed byMartin Robertson & Co.Review reprinted from: The Economic Journal, 87(347) (June
1977): 403
29 International Capital Markets 89Edwin J. Elton and Martin J. Gruber (eds).Amsterdam and New York: North-Holland/AmericanElsevier, 1975Review reprinted from: Journal of Finance 32(4) (September1977): 1382-1384
30 The Failure of World Monetary Reform, 1971-74 92John Williamson. Thomas Nelson & Sons, 1977
The Evolution of the International MonetarySystem, 1945-77Brian Tew. London: Hutchinson &. Co. Ltd., 1977Review reprinted from: Economica, n.s. 45(180) (November1978): 421-422
37 New Means of Financing International Needs 94Eleanor Steinberg and Joseph A. Yager, with GerardBrannon. Washington, DC: The BrookingsInstitution, 1978Review reprinted from: Kyklos 31(4) (1978): 738-739
CONTENTS IX
32 A Framework of International Banking 97Stephen F. Frowen (ed.). Guildford, UK:Guildford Educational Press/Philip ThornAssociates, 1979Review reprinted from: Southern Economic Journal 46(3)(January 1980): 990-991
31 Mad Money: When Markets Outgrow Government 100Susan Strange. Manchester, UK: ManchesterUniversity Press, 1998Review reprinted from: International Affairs 75(2) (April 1999): 414
International Economics34 Price Elasticities in International Trade: An Annotated
Bibliography 102Robert M. Stern, Jonathan Francis and BruceSchumacher. London: Macmillan for the Trade PolicyResearch Centre, 1976Review reprinted from: Kyklos (1997) 30(3): 570-571
35 Fiscal Transfer Pricing in Multinational Corporations 104G.F. Mathewson and G.D. Quirin. Toronto:University of Toronto Press, 1979Review reprinted from: The Economic Journal 90(358) (June1980): 460
36 Transfer Pricing and Multinational Corporations: AnOverview of Concepts, Mechanisms and Regulations 105Sylvain Plasschaert. Farnborough, UK: SaxonHouse, 1979Review reprinted from: Economic Journal 90(358) (June 1980):460-461
37 Measurement of Nontariff Barriers 106Alan V. Deardorff and Robert M. Stern. Ann Arbor,Ml: University of Michigan Press, 1998Reprinted from: The Economic Journal Book Notesweb page listed 1999-July 2000 www.res.org.uk/ecojbknotes/default.asp
CONTENTS
38 Rags and Riches: Implementing Apparel Quotas underthe Multi-Fibre Arrangements 107Kala Marathe Krishna and Ling Hui Tan. Ann Arbor,Ml: University of Michigan Press, 1998Review reprinted from: The Economic Journal 111(2000)Book Notes webpage, www.res.org.uk/ecojbknotes/default.asp
39 Trade Rules in the Making: Challenges in Regional andMultilateral Negotiations 109M.R. Mendoza, P. Low and B. Kotschwar (eds).Washington: Brookings Institution Press/OAS, 1999Review reprinted from: The Economic Journal 111(469) (Feb.2001): Fi62-Fi63
40 Globalisation and International Trade Liberalisation:Continuity and Change 111Martin Richardson (ed.). Cheltenham: EdwardElgar, 2000Review reprinted from: Business Strategy Review 12(2) (Summer2001): 74
41 Free Trade under Fire 113Douglas A. Irwin. Princeton, N.J., and Woodstock,UK: Princeton University Press, 2002Review reprinted from: International Affairs 78(4) (October2002): 909-910 1
Part III Globalization and Economic Integration
Introduction to Part III (includes the Friedman
Framework) 117
42 Between Dependency and Autonomy: India's Experiencewith the International Computer Industry 125Joseph M. Grieco. Berkeley: University of CaliforniaPress, 1984Review reprinted from: Business History Review 59(3) (Autumn
1985): 533-535
XI
43 Transnational Monopoly Capitalism 128K. Cowling and R. Sugden. Brighton, UK: WheatsheafBooks, 1987Review reprinted from: Economic Record 68(190) (September1989): 314-315
44 Juggernaut: The German Way of Business 131Philip Glouchevitch. New York: Simon andSchuster, 1992Review reprinted from: Financial Times of Canada (December12, 1992): 23
45 Runaway World: How Globalization Is Reshaping our Lives 133Anthony Giddens. London: Profile, 1999Review reprinted from: Business Strategy Review 12(2) (Summer2001): 69-70
46 Globalization and Culture 135John Tomlinson. Cambridge: Polity Press, 1999Review reprinted from: International Affairs 75(4) (October1999): 837
47 Future Positive: International Cooperation in the 21st
Century YilMichael Edwards. London: Earthscan, 1999Review reprinted from: International Affairs 76(1) (Jan. 2000):151-152
48 Global ism and the New Regionalism 138Bjorn Hettne, Andres Inotai and Osvaldo Sunkel(eds). Basingstoke: Macmillan, 1999Review reprinted from: International Affairs 76(1) (January2000): 146
49 Globalisation and the Asia-Pacific: Contested Territories 140Kris Olds, Peter Dicken, Philip F. Kelly, Lily Kong andHenry Wai-chung Yeung (eds). London; New York:Routledge, 1999Review reprinted from: International Affairs 76(4) (October2000): 904
XU CONTENTS
50 Globalization and Its Critics: Perspectives from PoliticalEconomy 142Randall D. Germain (ed.). Basingstoke: Macmil lan,in association with the Political Economic ResearchCentre, University of Sheffield. 1999; New York:St. Martin's PressReview reprinted from: International Affairs 76(4) (October2000): 868
51 The Challenge of Global Capitalism: The WorldEconomy in the 21st Century 143Robert Gi lpin. Princeton, NJ: Princeton UniversityPress, 2 0 0 0Review reprinted from: International Affairs 77(1) (January 2001): 200
52 The Political Economy of Globalization 145Ngaire Woods (ed.). Basingstoke: Macmil lan, 2000Review reprinted from: International Affairs 77(1) (January 2001):2OO-2O1
53 Global Transformations: Politics, Economics and Culture 146David Held, Anthony McGrew, David Goldblattand Jonathan Perraton. Cambridge: PolityPress, 1999Review reprinted from: International Affairs 77(2) (April2001): 434
54 The Invisible Continent: Four Strategic Imperatives ofthe New Economy 148Kenichi Ohmae. London: Nicholas Brealey, 2000Review reprinted from: International Affairs 77(3) (July 2001):715-716
55 Ruling the Waves: Cycles of Discovery Chaosand Wealth from the Compass to theInternet 150Debora L. Spar. New York: Harcourt, 2001Review reprinted from: Business Horizons 45(2) (March-April2002): 84-85
CONTENTS X l l l
56 The Quest for Global Dominance 153Vijay Govindarajan and Anil K. Gupta. San Francisco:Jossey-Bass, 2001Review reprinted from: Academy of Management Executive 16(3)(August 2002): 157-159
57 Globalization and its Discontents 156Joseph E. Stiglitz. New York: Norton, 2002Review reprinted from: Long Range Planning 35(6) (December2002): 654-656
58 Governing Globalization: Power, Authority and GlobalGovernance 159David Held and Anthony McGrew (eds). Cambridge:Polity Press, 2002Review reprinted from: International Affairs 80(1) (January2004): 139
59 Redefining Global Strategy: Crossing Borders in a WorldWhere Differences Still Matter 161Pankaj Ghemawat. Boston: Harvard Business SchoolPress, 2007Review reprinted from: Journal of International Business Studies39(6) (September 2008): 1091-1093
Part IV Free Trade, NAFTA and Competitiveness
Introduction to Part IV (includes the Porter Diamond andDouble Diamond) 169
60 The Great Canadian Stampede: The Rush to EconomicNationalism 175Alan Heisey. Toronto: Griffin House, 1973Review reprinted from: Canadian Forum 54(644) (Sept. 1974): 47
61 Canada-United States Free Trade and CanadianIndependence 177Peyton V. Lyon. Ottawa: Economic Council ofCanada, 1975Reviewed reprinted from: Canadian Public Policy/Analyse depolitiques 2(1) (Winter 1976): 124-125
CONTENTS
62 Energy from the Arctic: Facts and Issues 180
Judith Maxwell. Montreal: Canadian-American
Committee, 1973Review reprinted from: Journal of Energy and Development 1(2)
(1976): 352-354
63 Tariff and Science Policies: Applications of a Model of
Nationalism 184
D.J. Daly and S. Globerman. Toronto and Buffalo:
University of Toronto Press for the Ontario Economic
Council, 1976Review reprinted from: Canadian Journal of Economics 11(3)(August 1978): 632-634
64 The Effects of Energy Price Changes on Commodity
Prices, Interprovincial Trade and Employment 187
J.R. Melvin. Toronto and Buffalo: University of
Toronto Press, 1976Review reprinted from: Journal of Energy and Development 2(2)(Spring 1977): 346-349
65 Coal and Canada-U.S. Energy Relations 190
Richard L. Gordon. Montreal: Canadian-American
Committee, 1976Review reprinted from: Journal of Energy and Development 3(2)(Spring 1978): 439-441
66 Nationalism, Technology and the Future of Canada 193
Wallace Gagne (ed.). Toronto: Macmillan of
Canada, 1976Review reprinted from: Journal of Economic History 38(2) (June1978): 539-54O
67 The Impact of Free Trade in Canada 195
Roma Dauphin. Ottawa: Economic Council of
Canada, Supply and Services Canada, 1978Review reprinted from: Canadian Public Policy 4(4) (Autumn1978): 576-577
CONTENTS
68 Foreign and Domestic Firms in Canada: A ComparativeStudy of Financial Structure and Performance 197Daniel Shapiro. Toronto: Butterworth, 1980Review reprinted from: Canadian Journal of Economics 14(4)(November 1981): 739-741
69 U.S. Competitiveness in the World Economy 200Bruce R. Scott and George C. Lodge (eds).Boston: Harvard Business SchoolPress, 1985Review reprinted from: Policy Options Politiques (April 1985):15-16
70 Weathering the Storm: Canadian-U.S. Relations,1980-83 204David Leyton-Brown. Toronto: CD. Howe Instituteand National Planning Association, 1985Review reprinted from: Canadian Journal of Political Science18(4) (December 1985): 796-797
77 Canadian Multinationals 207
Jorge Niosi. Toronto: Between the
Lines, 1985Review reprinted from: Canadian Public Policy 12(1) (March1986): 273-274
72 The Competitive Advantage of Nations 209Michael E. Porter. New York: Free Press; Toronto:Collier Macmillan, 1990Review reprinted from: Business Quarterly 55(3) (Winter 1991):61-64
73 Canada at the Crossroads: The Reality of a New
Competitive Environment 217
Michael Porter. Ottawa: Business Council on
National Issues and Minister of Supply and Services,
October 1991Review reprinted from: Business Quarterly 57(3) (Winter 1992):59-64
74 The Innovative Society: Competitiveness in
the 1990s 227
Bryne B. Purchase. Toronto: C D . Howe
Institute, 1991Review reprinted from: Canadian Public Policy 17(3) (Sept. 1991):
373-374
75 Continental Accord: North American Economic
Integration 229
Steven Globerman (ed.). Vancouver, BC: The Fraser
Institute, 1991Review reprinted from: Journal of International Business Studies24(1) (First Quarter 1993): 159-161
76 Decision at Midnight: Inside the Canada-U.S. Free
Trade Negotiations 233
Michael Hart (with Bill Dymond and Colin
Robertson). Vancouver: University of British
Columbia Press, 1994Review reprinted from: Canadian Foreign Policy 2(3) (Winter
1994/1995): 124-128
77 The Post-NAFTA Political Economy: Mexico and the
Western Hemisphere 239
Carol Wise (ed.). University Park, PA: Pennsylvania
State University Press, 1998Review reprinted from: International Affairs 75(3) (July 1999):675-676
78 Linking Trade, Environment and Social Cohesion:
NAFTA Expansion, Global Challenges 241
By John J. Kirton and Virginia W. Maclaren.
Aldershot: Ashgate, 2000Review reprinted from: Business Horizons 46(1)(January/February 2003): 69-71
79 It's the Crude, Dude: War; Big Oil and the Fight for
the Planet 245
Linda McQuaig. Scarborough, O N : Doubleday
Canada, 2004Review reprinted from: Literary Review of Canada 12(10)(December 2004): 8-9
CONTENTS XV11
Part V Regulation of Multinationals: Civil Society
and Development
Introduction to Part V (includes the Five Partners
Flagship Framework) 253
80 Importing Technology into Africa: Foreign Investment
and the Supply of Technological Innovations 257
D. Babatunde Thomas. (Praeger Special Studies in
International Economics and Development). New
York: Praeger, 1976Review reprinted from: Kyklos 30(2) (1977):325-326
87 The Multinational Corporation and Social Change 259
D.E. Apter and L.W. Goodman (eds). New York:
Praeger, distributed by Martin
Robertson, 1976Review reprinted from: The Economic Journal 87(346) (June
1977): 4O3-4O4
82 National Control of Foreign Business Entry: A Survey of
Fifteen Countries 260
R.D. Robinson. New York: Praeger, Distributed by
Martin Robertson & Co. 1976Review reprinted from: The Economic Journal, 87(346) (June
1977), P- 410
83 Economics and the Environment 261
A.V. Kneese. Harmondsworth, UK: Penguin
Books, 1977Review reprinted from: Environment and Planning A 9(10)(October 1977): 1204
84 The International Taxation of Multinational
Enterprises 263
J.D.R. Adams and John Whalley. London: Associated
Business Programmes, 1977Review reprinted from: The Economic Journal 88(352)(December 1978): 905
XVll l CONTENTS
85 The Multinational Corporation, the Nation Stateand the Trade Unions: A EuropeanPerspective 264Gunnar Hedlund and Lars Otterbeck. Kent, Ohio:Kent State University Press, 1977Review reprinted from: The Economic Journal, Book notes,88(352) (December 1978): 906
86 Reducing Global Inequalities 265W. Howard Wriggins and Gunnar Adler-Karlsson.New York: McGraw Hill, 1978
Rich Nations and Poor Nations in theWorld EconomyAlbert Fishlow, Carlos F. Diaz-Alejandro, RichardR. Fagan, and Roger D. Hansen. New York: McGrawHill, 1978Review reprinted from: Journal of Developing Areas 13(3)(April 1979): 347-348
87 American Multinationals and American Interests 268C. Fred Bergsten, Thomas Horst, and TheodoreH. Moran. Washington, DC: The BrookingsInstitution, 1978Review reprinted from: The Economic Journal 89(356):1029-1030
88 Distortion or Development? Contending Perspectives onthe Multinational Corporations 270Thomas J. Biersteker. Cambridge, MA: MITPress, 1978Review reprinted from: Political Science Quarterly 94(4) (Winter1979-1980): 722-724
89 Multinationals from Small Countries 273Tamir Agmon and Charles P. Kindleberger (eds).Cambridge, MA: MIT Press, 1977Review reprinted from: Economic Development and CulturalChange 28(4) (July 1980): 871-875
CONTENTS
90 North-South Technology Transfer: A Case Study ofPetrochemicals in Latin America 279Mariluz Cortes and Peter Bocock. Baltimore andLondon: The Johns Hopkins UniversityPress, 1984Review reprinted from: Journal of Policy Analysis andManagement 4(3) (Spring 1985): 465-466
97 International Trade Policy and the Pacific Rim:Proceedings of the IEA Conference held in SydneyAustralia 280John Piggott and Alan Woodland (eds). Basingstoke,UK: Macmillan in association with IEA, 1999Review reprinted from: The Economic Journal, book note:16/09/99: http://www.reg.org.uk/ecojbknotes/row.asp?id=i6389
92 The World Trade Organization: Constitution andJurisprudence 282John H. Jackson. London: The Royal Institute ofInternational Affairs, 1998Review reprinted from: International Affairs 75(2) (April 1999):400-401
93 Trade, Investment and the Environment 284Halina Ward and Duncan Brack (eds). London:Earthscan/Royal Institute of InternationalAffairs, 2000Review reprinted from: International Affairs 76(2) (April 2000):365-366
94 Development as Freedom 286By Amartya Sen. Oxford: Oxford University Press,1999Review reprinted from: International Affairs 77(2) (April 2001):435-436
95 Fighting the Wrong Enemy: Antiglobal Activists andMultinational Enterprises 288Edward M. Graham. Washington, DC: Institute forInternational Economics, 2000Review reprinted from: International Affairs 77(4) (October2001): 994-995
CONTENTS
96 Guiding Global Order: G8 Governance in theTwenty-First Century 290John J. Kirton, Joseph P. Daniels and AndreasFreytag (eds). Aldershot, UK: Ashgate, 2001Review reprinted from: International Affairs 77(4) (October2001): 995-996
97 Taking Trade to the Streets: The Lost History of PublicEfforts to Shape Globalization 292Susan Ariel Aaronson. Ann Arbor, Ml: TheUniversity of Michigan Press, 2001Review reprinted from: Business History Review 76(4) (Winter2002): 883-885
98 Globalization and National Economic Welfare 295M. Panic". Basingstoke: Palgrave Macmillan, 2003Review reprinted from: International Affairs 79(4) (July2003): 905-906
99 The Economic Dynamics of Environmental Law 297David M. Driesen (ed.). Cambridge, MA: MITPress, 2003Review reprinted from: Environmental Science <s[ Policy 6(6)(December 2003): 547
700 Trading Blocs: States, Firms, and Regions in the WorldEconomy 300Kerry A. Chase. Ann Arbor, Ml: The University ofMichigan Press, 2065Review reprinted from: Perspectives on Politics 4(4) (December2006): 803-804
Conclusion 304
Acknowledgments 307
Index 315
CONTENTS