Policy and Political Theory in Trade Practice Multinational Corporations and Global Governments

Trade liberalization policies have changed the assumptions of economic theory because they have changed the core definition of its concepts-imports and exports. When most trade is done in components rather than finished goods, how do we assign nationaility to value added during the production process? Anguelov analyzes foreign direct investment (FDI) as the core tool behind the internationalization of the production function. He tracks the changing nature of incentives in location and diversification of multinational corporations (MNCs), as well as the role governements have in the creation and implementation of trade policies that impact MNC investments.

Nikolay Anguelov is Assistant Professor of Public Policy at the University of Massachusetts, Dartmouth, USA.

1. Globalization Yesterday and Today: Changes Matter
2.Theoretical Gaps: How Existing Theories Fall Short When Assumptions Change
3.How Multinational Corporations Affect Economic Growth Today: A Legacy of Research and Theoretical Reasoning in Turbulent Times
4.Methodological Exercise
5.Purchasing Innovation Globally: Mergers and Acquisitions in Knowledge Sourcing
6.The Trade Policy Process in the United States: Reversing a Legacy of Liberalization?
7.'Double' Competition for FDI in America: Is it Worth It?
8.Policy Implications