Book Review: Multinational Enterprise and World Competition by Jeremy Clegg

Book Review: Multinational Enterprise and World Competition by Jeremy Clegg

Book Review: Multinational Enterprise and World Competition by Jeremy Clegg

The book, Multinational Enterprise and World Competition is based on the author’s, Jeremy Clegg, doctoral thesis that earned him the best Dissertation Award of the Academy of International Business I 1985. The book is a logical extension and an important amplification of eclectic theory of global production by John Dunning’s.

The book focuses on a wide range of determinants of inward and outwards international business activities including foreign production, licensing arrangements, direct foreign production and exports in five major industrialized countries Sweden, West Germany, Japan, UK and the USA from 1965 to 1975.

The analysis is based on the increasing globalization of business activities and 0ffer a perspective on the changing patterns of comparative and competitive advantages in the five countries. The basic unit of the study documents the effect of country specific issues on its involvement in global trade, licensing transactions, inward and outward direct investment. One finding is however common in a study that was carried out in the five states and is innovative efforts that has continued to ensure positive effect in the state’s exports.

Innovative effort is significant in the five powerful and highly industrialized states where the study was carried out. The finding was depicted based on the intensity of the research and it has a major impact on exports of Sweden, USA, UK, Japan and West Germany. The other factors are based on individual states and their involvement in global business.

About Jeremy Clegg

Jeremy Clegg is a Business Economics’ Lecturer at University of Bath, professor of European Integration and International Business Management at University of Leeds. He is also the Director at the Center for International Business. Clegg also holds various positions in different Universities including University of Reading because of his extensive knowledge and experience in the world of business and economics.

A focus on the chapters of Multinational Enterprise and World Competition by Jeremy Clegg

Chapter 1

The first chapter of the book focuses on theoretical conceptualization that has been advanced more in foreign direct investment. The author therefore summarizes its major findings and some of its limitations.

Chapter 2

Chapter two elaborates empirical and theoretical contributions to global business activities explanations. It also represents an analytical framework of the author that he employed in his analysis. Jeremy champions integrated theory as an international business engagement that affects all states in regards to production, exports, direct foreign investment and international licensing arrangements. In his view, conceptualization that is best suited for the task is Dunning’s eclectic theory as it assimilates different theoretical antecedents. This is further expounded by other experts including Casson and Buckley among others.

Chapter 3

Chapter 3 of Multinational Enterprise and World Competition offers basic statistical information on the scale of international activities in the countries from 1965 t0 1975. The author therefore treats each state as a source state and a host country for licensing, exports and investments.

Chapter 4

Chapter is the core of the study and it focuses on the determinants of international business activities of a country. It postulates and analyses the impact of the four states and industry based conditions. Clegg considers technological intensity among other factors.

In general, the book analyses the role of multinational organizations in global competition. Multinational agencies are considered dominant in a wide range of industries thus, affecting the success of the industry, more specifically, small enterprises. Multinationals are known to cause a decline in the industry bade on their activities and are now subject of unending debate and scrutiny.

In the book, the author uses a comparative approach to analyze the states and multinational companies as well as their involvement in global competition. This covers trade licensing and technology. The author in the study heavily relies on modern economic theory and economic studies in different countries.

Due to the author’s research, knowledge transfer and focus on particular productivity roles, growth in national and international dimensions, his book has been widely used in various economic studies for example at University of Leeds and at University of Bath . It has been also been quoted in different financial and economies studies.

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