Globalization of Production

Based on authors doctoral research on transnational corporations and foreign direct investment (FDI) as well as years of teaching transnational management courses, this book combines economic principles, economic history and business management concepts in a unique way to show how transnational companies have transformed world economy in the last fifty years by globalising production, spreading technology world-wide through variety of forms and means such as global networks, value added chains and outsourcing. By and large it shows how purely profit-oriented companies, equipped with the latest technology and management skills have created employment in host countries, transferred technology and enhanced export competitiveness of nations of the world. The book will appeal to economists, managers, policy makers and anyone interested in contemporary developments in world economy. It is particularly intended as a textbook on global business for senior undergraduate and first year postgraduate students in economics and business degrees.