The book focuses on the major environmental implications stemming from the growth of the multinational enterprise in a multiple currency world; the international transfer of technology; industrial relations and labour utilization in foreign-owned firms in the UK; multinational companies and trade union interests; foreign direct investment, the balance of payments and trade flows; the multinational enterprise and developing countries; government policy alternatives and the problem of international sharing and a case study of a multinational enterprise in Europe. A survey of the background to the multinational enterprise and concluding summaries ensure that this book is one of the most widely embracing volumes available on the subject.

John H. Dunning

Part 1 The Multinational Enterprise Chapter 1 The Multinational Enterprise, John H. Dunning Chapter 2 The Multinational Enterprise in a Multiple Currency World, Robert Z. Aliber Comment on the Chapter by Professor Aliber, John H. Dunning Chapter 3 The Multinational Enterprise and the Transfer of Technology*Unless otherwise indicated, the factual information used in this paper is drawn from a series of studies undertaken by the OECD under the general title Gaps in Technology. In addition to the general report, there were a series of industry reports, viz. electronic computers, electronic components, non-ferrous metals, pharmaceuticals, plastics and scientific instruments - and an analytical report., Keith Pavitt Comment on the Chapter by Mr Pavitt, Christopher Freeman Part 2 Labour and the Multinational Enterprise Chapter 4 Industrial Relations, Labour Disputes and Labour Utilization in Foreign-Owned firms in the United Kingdom*This Chapter is Part of a wider study undertaken by M. D. Steuer and colleagues of the effects of inward direct investment on the economy of the United Kingdom. The authors are indebted to Miss E. Cope and Mr A. Osei for able research assistance, and to Miss E. Atkins for helping us to use data collected by the LSE Higher Education Research Unit. We also appreciate very much the co-operation of the Unit itself, and the help given at Watford by the DePart ment of Employment and Productivity., Max Steuer, John Gennard Comment on the Chapter by Mr Steuer and Mr Gennard, Richard E. Caves Chapter 5 Multinational Companies and Trade Union Interests, David Lea Comment on the Chapter by Mr Lea, David Barran Part 3 Trade and the Balance of Payments Chapter 6 The Multinational Enterprise, David Robertson Chapter 7 The Chemical Industry, J. F. Sudworth Comment on the Chapter s by Mr Robertson and Mr Sudworth, Lionel Needleman Part 4 Direct Foreign Investment and the Less-Developed Countries Chapter 8 The State and Multinational Enterprises in Less-Developed Countries, Edith Penrose Chapter 9 Costs and Benefits of Multinational Enterprises in Less-Developed Countries, Paul Streeten Comments on the Chapter s by Professor Penrose and Mr Streeten, J. P. Hayes Part 5 Governments and the Multinational Enterprise Chapter 10 The Internationalization of Capital and the Nation State, Robin Murray Chapter 11 Governmental Policy Alternatives and the Problem of International Sharing, Jack N. Behrman Comment on the Chapter by Professor Behrman, Gerard Curzon Part 6 The Multinational Company in Europe Chapter 12 The Multinationally-Owned Company, Michael Whitehead Comment on the Chapter by Mr Whitehead, H. Wertheimer Part 7 Summary and Conclusions Chapter 13 Summary of Discussion, David Robertson Chapter 14 Concluding Comments, John Heath