Foreign direct investment

Bibliographic Information

Foreign direct investment

edited by Kenneth A. Froot

(A National Bureau of Economic Research project report)

University of Chicago Press, 1993

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Includes bibliographical references and indexes

Description and Table of Contents

Description

Over the past decade, foreign direct investment (FDI) around the world has nearly tripled, and with this surge have come dramatic shifts in FDI flows. In "Foreign Direct Investment", distinguished economists look at changes in FDI - including historical trends, specific country experiences, developments in the semiconductor industry and variations in international mergers and acquisitions. Chapters cover such topics as theoretical accounts of FDI patterns, the growth of multinational enterprises and the FDI experiences of Japan, the United States and selected developing countries. This volume should be of interest to economists, government officials and business people concerned with FDI today.

Table of Contents

Introduction Kenneth A. Froot 1 The Surge in Foreign Direct Investment in the Late 1980s Conceptual Issues Paul Krugman and Edward Graham Comment: Kenneth A. Froot 2 New Perspectives on Foreign Direct Investment Rachel McCulloch Comment: Karl P. Sauvant 3 Where Are the Multinationals Headed? Raymond Vernon Comment: Richard E. Caves 4 Why is Foreign Direct Investment in Japan So Low? Robert Z. Lawrence Comment: Richard C. Marston 5 Foreign Direct Investment in the U.S.: Changes Over Three Decades Robert E. Lipsey 6 Mobile Exporters: New Foreign Investors in East Asia Louis T. Wells, Jr. Comment: Peter Petri 7 Foreign Direct Investment in Semiconductors David B. Yoffie Comment: Lael Brainard 8 International Corporate Equity Acquisitions: Who, Where, and Why? Paul M. Healy and Krishna G. Palepu Comment: Michael Adler 9 Foreign Mergers and Acquisitions in the United States Deborah L. Swenson Comment: Donald Lessard

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