Abstract
EC industries may be affected in two major ways by the adjustments which multinational corporations (MNCs) make to their operations in response to regional economic integration. Firstly, there is the impact made by “new entrants”, i.e. MNCs based outside the EC which establish new production outlets in EC countries to maintain and improve upon their position in Community markets. Secondly, there is the reorganization of existing MNC activity within the EC, associated with a rationalization of the European networks of MNCs. This paper examines these two issues, with particular reference to the impact of the first phase of integration in the EC on the technological strengths of different MNCs and national industries.
This paper derives from work originally undertaken for the UN Centre on Transnational Corporations (UNCTC), which provided financial support as part of a broader project on the implications of the completion of the single market in the EC for transnational corporation activity. The author is grateful to John Dunning for helpful comments on an earlier draft.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
BADEN-FULLER, C.W.F. and STOPFORD, J.M. (1989) Globalisation Frustrated: The Case of White Goods, mimeo, University of Bath.
BALLANCE, R.H., FORSTNER, H. and MURRAY, T. (1987) Consistency Tests of Alternative Measures of Comparative Advantage, Review of Economics and Statistics, Vol. 69, No. 1, February.
BARNEVIK, P. (1989)) Restructuring European Industry against the Background of a Future Borderless Europe and Globalisation of Business.
CANTWELL, J.A. (1987) The Reorganisation of European Industries after Integration: Selected Evidence on the Role of Multinational Enterprise Activities, Journal of Common Market Studies, Vol. 26, No. 2, December; reprinted in Dunning, J.H. and Robson, P. (1988) eds., Multinationals and the European Community, Oxford; Basil Blackwell.
CANTWELL, J.A. (1989) Technological Innovation and Multinational Corporations, Oxford; Basil Blackwell.
CANTWELL, J.A. and SANNA RANDACCIO, F. (1989) Growth and Multinational Amongst the World’s Largest Firms, University of Reading Discussion Papers in International Investment and Business Studies, No. 134, November.
CANTWELL, J.A. and TOLENTINO, P.E.E. (1990) Technological Accumulation and Third World Multinationals, University of Reading Discussion Papers in International Investment and Business Studies, No. 139, May.
COWLING, K. and SUGDEN, R. (1987) Transnational Monopoly Capitalism, Brighton; Wheatsheaf.
DICKEN, P. (1986) Global Shift, London; Harper & Row.
DOZ, Y. (1986) Strategic Management in Multinational Companies, Oxford: Pergamon Press.
DUNNING, J.H. (1958) American Investment in British Manufacturing Industry, London; Allen & Unwin.
DUNNING, J.H. and CANTWELL, J.A. (1991) Japanese Direct Investment in the EC post- 1992; Some Alternative Scenarios, in: Burgenmeier, B., ed., Multinational Firms and European Integration 1992, London: Routledge.
DUNNING, J.H. and PEARCE, R.D. (1985) The World’s Largest Industrial Enterprises, Farnborough: Gower.
FISHWICK, F. (1982) Multinational Companies and Economic Concentration in Europe, Aldershot: Gower.
HOOD, N. and YOUNG, S. (1987) Inward Investment and the EC: UK Evidence on Corporate Integration Strategies, Journal of Common Market Studies, Vol. 26, No. 2, December.
KOBRIN, S.J. (1989) An Empirical Analysis of the Determinants of Global Integration, mimeo, The Wharton School, University of Pennsylvania.
Lundvall, B.A. (1988) Innovation as an Infective Process: From User-producer Interaction to the National System of Innovation, in: Dosi, G., Freeman, C., Nelson, R., Silverberg, G. and Soete, L.L.G., Eds., Technical Change and Economic Theory, London: Frances Pinter.
OZAWA, T. (1991) Europe 1992 and Japanese Multinationals: Transplanting a Subcontracting System in the Expanded Market, in Burgenmeier, B., ed., Multinational Firms and European Integration 1992, London: Routledge.
PELKMANS, J. (1987) The Community’s Vivid Core: Integration Processes in Industrial Product Markets, in: Dunning, J.H. and Usui, M., Eds., Structural Change, Economic Interdependence and World Development, Volume 4: Economic Interdependence, London: Macmillan.
SERVAN-SCHREIBER, J.-J. (1967) Le Défi Américain, Paris: Editions Denoel.
UNIDO (1986) International Comparative Advantage in Manufacturing: Changing Profiles of Resources and Trade, Vienna: United Nations.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1992 Springer-Verlag Berlin · Heidelberg
About this chapter
Cite this chapter
Cantwell, J. (1992). The Effects of Integration on the Structure of Multinational Corporation Activity in the EC. In: Klein, M.W., Welfens, P.J.J. (eds) Multinationals in the New Europe and Global Trade. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-76991-7_14
Download citation
DOI: https://doi.org/10.1007/978-3-642-76991-7_14
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-76993-1
Online ISBN: 978-3-642-76991-7
eBook Packages: Springer Book Archive