Title In the hurricane's eye : the troubled prospects of multinational enterprises / Raymond Vernon

Published Cambridge, Mass. : Harvard University Press, 1998

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Description 1 online resource (x, 262 pages) Contents Contents -- Preface -- 1. SETTING THE CONTEXT: Multinational Enterprises in a System of Nation-States -- A Rough Take-off for the Multinationals -- Calibrating the Multinationals� Importance -- Multinationals� Behavior in International Markets -- The Challenge: Accommodating Multinationals and Nation-States -- 2. TENSIONS IN THE BACKGROUND: Conflict between Multinational Enterprises and Nation-States -- The Nation-States� Struggle for Jobs -- Taxing Multinationals -- Security for the Nation-State -- Conflicts of Jurisdiction, Culture, and Principle 3. INSIDE THE EMERGING ECONOMIES: High Stakes for Nation-States and Multinational EnterprisesLatin America -- Fading Stars of Asia -- Transitional Economies: From Hungary to China -- India -- Conclusions -- 4. INSIDE THE INDUSTRIALIZED ECONOMIES: New Sources of Tension -- The Case of Europe -- The Case of the United States -- The Case of Japan -- Common Problems, Common Responses -- 5. THE STRUGGLE OVER OPEN MARKETS: The Gathering Clouds -- Ambivalence in the United States and Europe -- Multinationals and the Struggle for Public Resources Uncertainties in the International Political Climate6. RIGHTING THE BALANCE: Possible Policy Responses -- The Search for Global Principles -- Bilateral Agreements -- Industry-Centered Agreements -- Regional Agreements -- Possible New Initiatives -- Unilateral Measures -- Reprise -- Notes -- Index Summary The world's multinational enterprises face a spell of rough weather, political economist Ray Vernon argues, not only from the host countries in which they have established their subsidiaries, but also from their home countries. Such enterprises--a few thousand in number, including Microsoft, Toyota, IBM, Siemens, Samsung, and others--now generate about half of the world's industrial output and half of the world's foreign trade; so any change in the relatively benign climate in which they have operated over the past decade will create serious tensions in international economic relations. The warnings of such a change are already here. In the United States, interests such as labor are increasingly hostile to what they see as the costs and uncertainties of an open economy. In Europe, those who want to preserve the social safety net and those who feel that the net must be dismantled are increasingly at odds. In Japan, the talk of "hollowing out" takes on a new urgency as the country's "lifetime employment" practices are threatened and as public and private institutions are subjected to unaccustomed stress. The tendency of multinationals in different countries to find common cause in open markets, strong patents and trademarks, and international technical standards has been viewed as a loss of national sovereignty and a weakening of the nation-state system, producing hostile reactions in home countries. The challenge for policy makers, Vernon argues, is to bridge the quite different regimes of the multinational enterprise and the nation-state. Both have a major role to play, and yet must make basic changes in their practices and policies to accommodate each other Bibliography Includes bibliographical references and index Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English Print version record digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Subject International business enterprises. Host countries (Business) -- Economic aspects Competition, International. Pressure groups. Host countries (Business) -- Economic policy BUSINESS & ECONOMICS -- Industries -- General. BUSINESS & ECONOMICS -- International -- General. Competition, International International business enterprises Pressure groups Internationale ondernemingen. Regeringen. Concurrentiepositie. Concurrence internationale. Groupes de pression. Entreprises multinationales. Form Electronic book ISBN 9780674044661 0674044665 0674004248 9780674004245

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