Multinationals in the New Europe and Global Trade

1. Front Matter

   Pages I-XV

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2. Introduction

   1. Introduction

      • Michael W. Klein, Paul J. J. Welfens

      Pages 1-6

3. Theoretical and Empirical Issues

   1. Front Matter

      Pages 7-7

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   2. Internationalization of Production, Investment and European Integration: Free Trade in Goods, Technology and Assets?

      • Paul J. J. Welfens

      Pages 9-61

   3. Comments On: Internationalization of Production, Investment and European Integration

      • Claude Barfield

      Pages 62-63

   4. Multinationals and Pricing to Market Behavior

      • Michael M. Knetter

      Pages 65-87

   5. Comments On: Multinationals and Pricing to Market Behavior

      • Robert Lawrence

      Pages 88-89

   6. Foreign Direct Investment Outflow from the United States: An Empirical Assessment

      • Michael W. Klein, Eric Rosengren

      Pages 91-103

   7. Comments On: Foreign Direct Investment Outflow from the United States: An Empirical Assessment

      • Edward M. Graham

      Pages 104-105

   8. Technology-Based Trade and Multinationals’ Investment in Europe: Structural Change and Competition in Schumpeterian Goods

      • Henning Klodt

      Pages 107-123

   9. Comments On: Technology-Based Trade and Multinationals’ Investment in Europe: Structural Change and Competition in Schumpeterian Goods

      • Claudio R. Frischtak

      Pages 124-126

4. Multinationals in Action

   1. Front Matter

      Pages 127-127

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   2. Foreign Direct Investments in Reforming CMEA Countries: Facts, Lessons and Perspectives

      • Andras Inotai

      Pages 129-152

   3. Comments: Multinational Corporations in the Eastern European Economic Transition

      • Peter Murrell

      Pages 153-161

   4. German Multinationals in Europe: Patterns and Perspectives

      • Günter Heiduk, Ulrike W. Hodges

      Pages 163-190

   5. Comments On: German Multinationals in Europe: Patterns and Perspectives

      • Anthony Wallace

      Pages 191-192

   6. The Effects of Integration on the Structure of Multinational Corporation Activity in the EC

      • John Cantwell

      Pages 193-233

   7. Comments On: The Effects of Integration on the Structure of Multinational Corporation Activity in the EC

      • Werner Hasenberg

      Pages 234-235

   8. Japanese Multinationals in Europe and the United States: Some Comparisons and Contrasts

      • Michelle Gittelman, John H. Dunning

      Pages 237-268

   9. Comments On: Japanese Multinationals in Europe and the United States: Some Comparisons and Contrasts

      • Terutomo Ozawa

      Pages 269-275

After a decade of Eurosclerosis the EC is moving with renewed economic growth and increasing multinational investment toward a single European market under the heading "Project 1992". The creation of a single EC market creates dynamic adjustment needs and opens up new opportunities for international business in a period of intensified global competition and dramatic politico-economic changes. Since the mid-1980s Eastern Europe is undergoing a radical shift towards market-based economic systems -a difficult and fragile development so far which is further complicated by economic and political unification of Germany in central Europe. After the era of British and, later, U. S. leadership in multinational investment German and Japanese multinational companies are becoming more influential players worldwide. Firms from Germany playa special role because German unification of 1990 implies a bigger home market, but also the diversion of total investment activities towards the greater German home market. While the political divide of Europe has ceased to exist, the economic division is becoming more apparent, and it could indeed transitorily increase because the EC 1992 project primarily generates growth impulses in Western Europe, while systemic transformations in Eastern Europe reduce output growth in the short term.

• Eastern Europe
• Europa
• Europe
• European Community
• European integration
• Europäische Integration
• Japan
• Multinationale Unternehmen
• Multinationals
• foreign direct investment
• globalization
• internationalization

• Fletcher School of Law and Diplomacy, Tufts University, Medford, USA

  Michael W. Klein

• Fakultät für Wirtschaftswissenschaften, Universität Münster, Münster, Germany

  Michael W. Klein, Paul J. J. Welfens

• American Institute for Contemporary German Studies, The Johns Hopkins University, USA

  Paul J. J. Welfens

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