Canadian-Based Multinationals

Steven Globerman, general editor

ISBN 1895176492
$35.95 paper
ISSN 1188-0988
June1994

xii + 470 pages
Tables, figures, biblios.

Industry Canada Research Series, Volume 4


About the Book


The phenomenal growth of foreign direct investment (FDI) over the past decade has led to the globalization of markets. Our international competitiveness depends both on the presence of multinational enterprises (MNEs) in Canada and Canadian-based MNEs abroad. Twenty-one leading academics in the field of economics examine the subject of outward direct investment.

This volume considers some major issues linked with Canadian direct investment abroad:

  • whether and to what extent outward direct investment imparts net benefits to the Canadian economy over and above those realized by the investing companies themselves;
  • labour-market issues (shifts in employment between low and high productivity sectors);
  • technology issues (adoption, skills, diffusion, transfer, R&D);
  • tax issues (objectives and constraints on taxation of FDI, and location effects).

About the Editor

Steven Globerman is Professor of Economics at Simon Fraser University. He has published numerous articles on foreign investment, has consulted extensively on international business issues, and has served on two federal Royal Commissions on the economy.


Table of Contents


Stephen Globerman
The Public and Private Interests in Outward Direct Investment
1
PART I. EVIDENCE
Franklin Chow
Recent trends in Canadian Direct Investment Abroad: The Rise of Canadian Multinationals
35
Someshwar Rao, Marc Legault and Ashfaq Ahmad
Canadian-Based Multinationals: An Analysis of Activities and Performance
63
PART II. ECONOMIC IMPLICATIONS
Edward M. Graham
Canadian Direct Investment Abroad and the Canadian Economy: Some Theoretical and Empirical Considerations
127
Donald G. McFetridge
Canadian Foreign Direct Investment, R&D and Technology Transfer
151
Morley Gunderson and Savita Verma
Labour-Market Implications of Outward Foreign Direct Investment
179
Donald J.S. Brean
Taxation and Canadian Direct Investment Abroad
215
PART III. BUSINESS IMPLICATIONS
Alan M. Rugman
Strategic Management and Canadian Multinationals
241
Stephen Globerman and Bernard M. Wolf
Joint Ventures and Canadian Outward Direct Investment
263
PART IV. COUNTRY CASE STUDIES
John C. Ries and Keith C. Head
Causes and Consequences of Japanese Direct Investment Abroad
303
Magnus Blomström and Ari O. Kokko
Home-Country Effects of Foreign Direct Investment: Sweden
341
PART V. FIRM STUDIES
Ilan Vertinsky and Rachana Raizada
Macmillan Bloedel: Foreign Investment Decisions and their Welfare Consequences
367
Fernand Amesse, Louise Séguin-Dulude and Guy Stanley
Northern Telecom: A Case Study in the Management of Technology
421
PART VI. LESSONS
André Raynauld O.C.
Rapporteur's Comments
457

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