Dépouillements

Foreign direct investment in times of crisis / Lauge Skovgaard Poulsen in Transnational Corporations, TRANSCORP 20/1 (April 2011)

Public ISBD [article]  inTransnational Corporations > TRANSCORP 20/1 (April 2011) . - p. 19-37 Titre : Foreign direct investment in times of crisis Type de document : texte imprimé Auteurs : Lauge Skovgaard Poulsen, Auteur ; Gary Clyde Hufbauer, Auteur Année de publication : 2011 Article en page(s) : p. 19-37 Langues : Anglais (eng) Tags : IDE  Crise économique et financière Résumé : The paper compares the current FDI recession with FDI responses to past economic crises. While the decline in outflows from developed countries has been similar in magnitude to that in previous recessions, the recovery in FDI has been much slower than in the past. Inflows to emerging markets, which remained stable during previous economic crises, have experienced an overall decline. Both patterns indicate that the global scale of the current crisis has had a different and more marked FDI response than after earlier individual country crises. Compared with other global economic downturns since the 1970s, the current FDI recession has also been greater in magnitude. (...) [article] Foreign direct investment in times of crisis [texte imprimé] / Lauge Skovgaard Poulsen, Auteur ; Gary Clyde Hufbauer, Auteur . - 2011 . - p. 19-37. Langues : Anglais (eng) in Transnational Corporations > TRANSCORP 20/1 (April 2011) . - p. 19-37 Tags : IDE  Crise économique et financière Résumé : The paper compares the current FDI recession with FDI responses to past economic crises. While the decline in outflows from developed countries has been similar in magnitude to that in previous recessions, the recovery in FDI has been much slower than in the past. Inflows to emerging markets, which remained stable during previous economic crises, have experienced an overall decline. Both patterns indicate that the global scale of the current crisis has had a different and more marked FDI response than after earlier individual country crises. Compared with other global economic downturns since the 1970s, the current FDI recession has also been greater in magnitude. (...)

Impact of the crisis on new FDI players / Ravi Ramamurti in Transnational Corporations, TRANSCORP 20/1 (April 2011)  

Public ISBD [article]  inTransnational Corporations > TRANSCORP 20/1 (April 2011) . - p. 39-68 Titre : Impact of the crisis on new FDI players : past, present and future of sovereign wealth funds, private equity and emerging market transnational corporations Type de document : texte imprimé Auteurs : Ravi Ramamurti, Auteur Année de publication : 2011 Article en page(s) : p. 39-68 Langues : Anglais (eng) Tags : IDE  Multinationales  Economies emergentes  Fonds souverains  Private equity Résumé : In the past 10 to 15 years, western transnational corporations (TNCs) have been joined by at least three new players on the foreign direct investment (FDI) stage: sovereign wealth funds (SWFs), private equity firms and emerging market TNCs. This article considers how "new" these players are, their contribution to global FDI outflows, how they were affected by the financial crisis, and their likely future role. I conclude that, with a few exceptions, SWFs will continue to be marginal FDI players, despite their high visibility. Private equity firms will play a highly volatile role, varying from marginal at times to important at others. Emerging market TNCs, on the other hand, are already quite important and will become even more so, as emerging markets become prime movers of the global economy. (...) En ligne : http://www.unctad.org/Templates/Page.asp?intItemID=2926&lang=1 [article] Impact of the crisis on new FDI players : past, present and future of sovereign wealth funds, private equity and emerging market transnational corporations [texte imprimé] / Ravi Ramamurti, Auteur . - 2011 . - p. 39-68. Langues : Anglais (eng) in Transnational Corporations > TRANSCORP 20/1 (April 2011) . - p. 39-68 Tags : IDE  Multinationales  Economies emergentes  Fonds souverains  Private equity Résumé : In the past 10 to 15 years, western transnational corporations (TNCs) have been joined by at least three new players on the foreign direct investment (FDI) stage: sovereign wealth funds (SWFs), private equity firms and emerging market TNCs. This article considers how "new" these players are, their contribution to global FDI outflows, how they were affected by the financial crisis, and their likely future role. I conclude that, with a few exceptions, SWFs will continue to be marginal FDI players, despite their high visibility. Private equity firms will play a highly volatile role, varying from marginal at times to important at others. Emerging market TNCs, on the other hand, are already quite important and will become even more so, as emerging markets become prime movers of the global economy. (...) En ligne : http://www.unctad.org/Templates/Page.asp?intItemID=2926&lang=1

Enhancing the contribution of the FDI to development / Theodore H. Moran in Transnational Corporations, TRANSCORP 20/1 (April 2011)  

Public ISBD [article]  inTransnational Corporations > TRANSCORP 20/1 (April 2011) . - p. 69-102 Titre : Enhancing the contribution of the FDI to development : a new agenda for the corporate social responsibility community, international labour and civil society, aid donors and multilateral financial institutions Type de document : texte imprimé Auteurs : Theodore H. Moran, Auteur Année de publication : 2011 Article en page(s) : p. 69-102 Langues : Anglais (eng) Tags : IDE  Multinationales  Développement durable  ONG  RSE  IFI  Matières premières Résumé : Both positive contributions and negative damages from foreign direct investment are greater than even the most sophisticated of today's models and estimating techniques can portray. Securing these positive contributions and avoiding the negative damages requires strategies to correct for market failures, to supply public goods and international standards, to capture positive externalities and limit negative externalities. Members of international civil society, labour groups, corporate social responsibility advocates, international donors, and multilateral lenders should fashion their agenda more closely - as outlined here - to provide those external pressures and actions needed to optimize the impact of mainstream transnational corporate activities on host country growth and welfare. The findings reported here should not in any way undercut the efforts of those who simply want to pressure transnational corporations to "give back" more to the communities where they operate. Corporate charity surely has its place, but the pro-poor sustainable development policy community will want to focus on the larger - and in many ways more important - set of targets sketched out here. En ligne : http://www.unctad.org/Templates/Page.asp?intItemID=2926&lang=1 [article] Enhancing the contribution of the FDI to development : a new agenda for the corporate social responsibility community, international labour and civil society, aid donors and multilateral financial institutions [texte imprimé] / Theodore H. Moran, Auteur . - 2011 . - p. 69-102. Langues : Anglais (eng) in Transnational Corporations > TRANSCORP 20/1 (April 2011) . - p. 69-102 Tags : IDE  Multinationales  Développement durable  ONG  RSE  IFI  Matières premières Résumé : Both positive contributions and negative damages from foreign direct investment are greater than even the most sophisticated of today's models and estimating techniques can portray. Securing these positive contributions and avoiding the negative damages requires strategies to correct for market failures, to supply public goods and international standards, to capture positive externalities and limit negative externalities. Members of international civil society, labour groups, corporate social responsibility advocates, international donors, and multilateral lenders should fashion their agenda more closely - as outlined here - to provide those external pressures and actions needed to optimize the impact of mainstream transnational corporate activities on host country growth and welfare. The findings reported here should not in any way undercut the efforts of those who simply want to pressure transnational corporations to "give back" more to the communities where they operate. Corporate charity surely has its place, but the pro-poor sustainable development policy community will want to focus on the larger - and in many ways more important - set of targets sketched out here. En ligne : http://www.unctad.org/Templates/Page.asp?intItemID=2926&lang=1

The international financial crisis and transnational corporation strategy / Alan M. Rugman in Transnational Corporations, TRANSCORP 20/1 (April 2011)  

Public ISBD [article]  inTransnational Corporations > TRANSCORP 20/1 (April 2011) . - p. 103-116 Titre : The international financial crisis and transnational corporation strategy Type de document : texte imprimé Auteurs : Alan M. Rugman, Auteur Année de publication : 2011 Article en page(s) : p. 103-116 Langues : Anglais (eng) Tags : Multinationales  Crise financière  Supply chain Résumé : As is well-known to readers of this journal, foreign direct investment (FDI) is undertaken by transnational corporations (TNCs). In many ways FDI is not a financial investment decision, rather it is a micro-level, firm-driven, strategy decision. Thus FDI and TNC strategy need to be carefully distinguished from financial (portfolio) investment decisions which are country-level, macroeconomic, decisions. This distinction between FDI and portfolio investment has eluded many commentators on the international financial crisis. For example, although large banks and financial institutions are types of TNCs, their firm-level strategic FDI decisions need to be distinguished from country-level macroeconomic trade and financial imbalances. In this paper, we attempt to work through the logic of this distinction between FDI and portfolio investment to analyse the international financial crisis. En ligne : http://www.unctad.org/Templates/Page.asp?intItemID=2926&lang=1 [article] The international financial crisis and transnational corporation strategy [texte imprimé] / Alan M. Rugman, Auteur . - 2011 . - p. 103-116. Langues : Anglais (eng) in Transnational Corporations > TRANSCORP 20/1 (April 2011) . - p. 103-116 Tags : Multinationales  Crise financière  Supply chain Résumé : As is well-known to readers of this journal, foreign direct investment (FDI) is undertaken by transnational corporations (TNCs). In many ways FDI is not a financial investment decision, rather it is a micro-level, firm-driven, strategy decision. Thus FDI and TNC strategy need to be carefully distinguished from financial (portfolio) investment decisions which are country-level, macroeconomic, decisions. This distinction between FDI and portfolio investment has eluded many commentators on the international financial crisis. For example, although large banks and financial institutions are types of TNCs, their firm-level strategic FDI decisions need to be distinguished from country-level macroeconomic trade and financial imbalances. In this paper, we attempt to work through the logic of this distinction between FDI and portfolio investment to analyse the international financial crisis. En ligne : http://www.unctad.org/Templates/Page.asp?intItemID=2926&lang=1