Foreign Direct Investment, China And The World Economy

Foreign Direct Investment, China and the World Economy Also by Peter J. Buckley THE MULTINATIONAL ENTERPRISE REVISITED (with Mark Casson) THE MULTINATIONAL ENTERPRISE AND THE GLOBALIZATION OF KNOWLEDGE THE CHALLENGE OF INTERNATIONAL BUSINESS CANADA-UK BILATERAL TRADE AND INVESTMENT RELATIONS (with Christopher L. Paes and Kate Prescott) THE CHANGING GLOBAL CONTEXT OF INTERNATIONAL BUSINESS FOREIGN DIRECT INVESTMENT AND MULTINATIONAL ENTERPRISES INTERNATIONAL STRATEGIC MANAGEMENT AND GOVERNMENT POLICY THE FUTURE OF MULTINATIONAL ENTERPRISE (with Mark Casson) INTERNATIONAL TECHNOLOGY TRANSFER BY SMALL AND MEDIUM-SIZED ENTERPRISES (co-edited with Jaime Campos and Eduardo White) MULTINATIONAL ENTERPRISES IN LESS DEVELOPED COUNTRIES (co-edited with Jeremy Clegg) MULTINATIONAL FIRMS, COOPERATION AND COMPETITION IN THE WORLD ECONOMY THE STRATEGY AND ORGANIZATION OF INTERNATIONAL BUSINESS (co-edited with Fred Burton and Hafiz Mirza) STUDIES IN INTERNATIONAL BUSINESS INTERNATIONAL BUSINESS: Economics and Anthropology, Theory and Method Foreign Direct Investment, China and the World Economy Peter J. Buckley Professor of International Business, University of Leeds, UK Selection and Editorial Content © Peter J. Buckley 2010 Foreword © Klaus Macharzina 2010 Individual chapters © the contributors 2010 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6-10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2010 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries ISBN-13: 978-0-230-51598-7 hardback This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. Logging, pulping and manufacturing processes are expected to conform to the environmental regulations of the country of origin. A catalogue record for this book is available from the British Library. A catalogue record for this book is available from the Library of Congress. 10 19 9 18 8 17 7 16 6 15 5 14 4 13 3 12 2 11 1 10 Printed and bound in Great Britain by CPI Antony Rowe, Chippenham and Eastbourne Contents Notes on Contributors vii Foreword by Professor Klaus Macharzina ix 1 Introduction Peter J. Buckley Section I 1 Theory 5 2 Regaining the Edge for International Business Research Peter J. Buckley and Donald R. Lessard 7 3 Stephen Hymer: Three Pha