Table of Contents Preface Chapter 1. Facts and Issues 1.1 Multinationals: what are they and how are they measured? 1.2 The facts: empirical overview 1.3 The issues 1.4. Guide to the book Chapter 2. The multinational enterprise; an overview of theory and empirical findings 2.1 The determinants of FDI 2.2 Internalisation and the boundary of the firm 2.3 Effects of FDI 2.4 Conclusions Chapter 3. Horizontal foreign direct investment; market access 3.1 A model 3.2 National vs multinational supply 3.3 Demand and firm behaviour 3.4 The effect of FDI on the host economy 3.5 Extensions 3.6 Conclusions Chapter 4. Vertical foreign direct investment: input costs and factor prices. 4.1 Cost minimising locations 4.2 Fragmentation and factor prices 4.3 Fragmentation in general equilibrium 4.4 Factor price convergence 4.5 Conclusions Chapter 5. Multinationals; the firm and the market. 5.1 An analytical framework 5.2 Hold-up 5.3 Hold-up in industry equilibrium 5.4 Dissipation of intangible assets 5.5 Agency costs 5.6 Conclusions Chapter 6. Determinants of FDI; the evidence 6.1 A general framework 6.2 Industry and firm determinants of FDI 6.3 Country determinants of FDI 6.4 The relative importance of horizontal and vertical FDI 6.5 Other factors affecting the location of FDI 6.6 Concluding remarks Chapter 7. Host country effects: conceptual framework and the evidence 7.1 Aggregate effects of FDI on economic growth: cross country evidence 7.2 Firm effects; conceptual framework 7.3 Productivity 7.4 Factor markets 7.5 Employment volatility 7.6 Multinationals and local firms 7.7 Conclusions Chapter 8. FDI and the host economy; a case study of Ireland 8.1 Ireland’s success in attracting FDI 8.2 Characteristics of FDI inflows to Ireland 8.3 FDI and the development of the Irish economy 8.4 Concluding comments Chapter 9. Home Country effects of foreign direct investment 9.1 What are the effects? Setting the issues. 9.2 Foreign production and domestic activities; substitutes or complements? 9.3 Skill intensity 9.4 Technological sourcing 9.5 Effects on productivity; comparing MNEs and national firms 9.6 Conclusions Chapter 10. Policy implications and effects 10.1 The impact of FDI on economic policy 10.2 FDI incentives 10.3 Policy competition and policy coordination 10.4 International governance of investment regimes 10.5 Concluding remarks Chapter 11. Conclusions Glossary Data appendix