Foreign Owned Firms

'The world economy is subject to a rapidly increasing globalization, and multinational enterprises are their major driving force. This brand new book on multinationals and economic geography by two world leading economic geographers is a landmark that provides an integrated and dynamic perspective on the economic geography of the multinational enterprise. To fully understand this process of globalization, the book explains forcefully and persuasively that one needs a dynamic perspective on multinational enterprises that brings together disparate literatures on economic geography, knowledge and innovation, global network cities, and international business and management. Embedding it in modern theory of innovation and geography, the book provides not only a state-of-the-art of theories and empirics on the location of multinationals, but goes far beyond that. This book is an absolute "must-read" for any scholar and any student that is interested in multinationals and their location.' – Ron Boschma, Utrecht University, The Netherlands and Lund University, Sweden 'Despite often playing second fiddle to clusters in the economic geography literature, multinationals are fundamental drivers of economic development. As generators and diffusers of knowledge they have played an essential role in shaping the new world economic order. No book captures this better than Simona Iammarino and Philip McCann's Multinationals and Economic Geography, a must read for anyone eager to fully understand the new economic geography of globalisation.' – Andrés Rodríguez-Pose, London School of Economics, UK After more than fifty years of systematic research on multinational enterprises (MNEs) what is apparent is that there is, as yet, no unified or dominant theory of the MNE. The objective of this book is to bring into focus one particular dimension of MNE behaviour and activity that has been relatively under-researched – namely the geography of the multinational enterprise – as understood through the lens of innovation and technological change. The authors clearly demonstrate that geography is becoming increasingly important for MNEs and, in turn, MNEs are becoming progressively more important for economic geography. The pivot on which this vital relationship turns is the creation, diffusion and management of new knowledge. This unique book will prove a fascinating read for academics, students and researchers across a broad range of areas including geography, economic geography, regional science, international business and management, innovation studies, economic development. Professionals such as corporate managers and policymakers in these fields would also find this book to be of great interest.