Chapter

Multilateral Institutions and Policies: Their Implications for Multinational Business Strategy

Thomas L. Brewer and Stephen Young

in Oxford Handbook of International Business

Published in print August 2001 | ISBN: 9780199241828
Published online November 2003 | e-ISBN: 9780191596834 | DOI: http://dx.doi.org/10.1093/0199241821.003.0011
Multilateral Institutions and Policies: Their Implications for Multinational Business Strategy

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Addresses the multilateral regime for foreign direct investment (FDI), which is a topic of central and increasing importance for the strategies and operations of multinational enterprises (MNEs). At least a minimal understanding of the institutional features of the multilateral regime is needed in order that the totality of the literature can be more conveniently and effectively evaluated. Section (2) of the chapter therefore notes the institutions involved (which include WTO, OECD, the UN, the World Bank, and IMF) describes the main elements of the system and illustrates its implications for business strategy and operations; the account concentrates on the role of WTO. Section (3) summarizes and evaluates diverse bodies of literature—from business studies, as well as economics, political science, and law. Section (4) proposes directions for future research.

Keywords: foreign direct investment; IMF; International Monetary Fund; multilateral institutions; multinational enterprises; OECD; regime; UN; World Bank; WTO

Chapter.  11454 words.  Illustrated.

Subjects: International Economics

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