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Multinational Corporations and Foreign Direct InvestmentAvoiding Simplicity, Embracing Complexity$
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Stephen D. Cohen

Print publication date: 2007

Print ISBN-13: 9780195179354

Published to Oxford Scholarship Online: May 2007

DOI: 10.1093/acprof:oso/9780195179354.001.0001

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 The Case for Foreign Direct Investment and Multinational Corporations

 The Case for Foreign Direct Investment and Multinational Corporations

(p.283) 12 The Case for Foreign Direct Investment and Multinational Corporations
Multinational Corporations and Foreign Direct Investment

Stephen D. Cohen

Oxford University Press

Only the most rabid opponents deny the potential for MNCs and FDI to provide significant benefits for large numbers of people and countries. This chapter is the equivalent of a law brief, one-sidedly expounding on the merits of one side of a case being litigated. As such, it deliberately drops the emphasis in previous chapters on the need for a balanced, objective approach to a subject dominated by heterogeneity, complexity, and subjectivity. The virtues of MNCs and FDI are discussed in terms of their demonstrable contributions to the overall economic growth and prosperity of most host countries as well as their emphasis on efficiency and product innovation. More specific contributions such as creation of relatively well-paying jobs, enhancement of workers' skills, transfer of new technology, and generation of both tax revenue and hard currency earnings through increased exports, are also discussed.

Keywords:   private enterprise, economic development, economic growth, technology transfers, capital, jobs, wages, environment, high-quality FDI

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