International Trade and Finance
Problems of regulatory governance in the mining sector in Asia
UNCTAD’s Investment Policy Reviews: Key policy lessons
Oded Shenkar. Developing China: the Remarkable Impact of Foreign Direct Investment by Michael J. Enright
At a time when globalization is increasingly challenged it is rewarding to read a book that touts the promise of globalization in particular the benefits of foreign direct investment (FDI). While international trade takes centre stage in the popular media FDI is not only related to it but also at least as important in its own right not just economically but also politically geopolitically socially and otherwise. As most economic and social phenomena it has multiple facets of which the author chooses to highlight one namely its critical role in economic growth and development.
Book review: Navigating Global Business: A Cultural Compass by Simcha Ronen and Oded Shenkar
The world has changed dramatically over the last two decades moving through two distinct phases of globalization. Tapping into the rapid growth of goods and services trade (WTO 2016a) the first wave of globalization was propelled by value chains enhancing specialization productivity and access to markets (Reeves and Harnos 2017; OECD 2017). The second is marked by digitalization and it is characterized by the flow of ideas information and innovation which has further enabled the exploitation of global business opportunities through internet applications.
Enhancing the contribution of FDI to development: A new agenda for the corporate social responsibility community, international labour and civil society, aid donors and multilateral financial institutions
Twenty years of the World Investment Report: Retrospect and prospects
Multinational enterprises and the global economy
Act of creation: the OECD/G20 test of “value creation” as a basis for taxing rights and its relevance to developing countries
This paper examines the use of the “value creation” concept that plays a central role in current OECD/G20 and European Union taxation work as a way of determining the taxation rights of countries especially in the increasingly digitalised economy. It examines the likelihood of a consensus on whether it is an appropriate test particularly with a view to the interests of developing countries. It also notes the need for such countries to ensure that their “policy space” in corporate taxation that is based on the place of consumption is not unduly limited by these developments.
Guest editors’ introduction to the special issue: The contribution of multinational enterprises to the Sustainable Development Goals
In December 2015 the United Nations (UN) General Assembly accepted a set of 17 Sustainable Development Goals (SDGs) to succeed the Millennium Development Goals (MDGs). The goals encompass interconnected and actionable targets that address a broad range of development issues and represent the 5 Ps: people planet prosperity peace and partnership that were delineated in the 25 September 2015 UN resolution in which the SDGs were adopted. In contrast to the MDGs the SDGs explicitly call for a wide range of actors including the private sector to be involved and progress on many of the 17 SDGs will strongly depend on private sector contributions. For example SDG 12 responsible consumption and production urges MNEs to adopt sustainable practices and to integrate sustainability information into their reporting cycle. In addition Goal 17 emphasizes partnerships for the goals recognizing the need for cooperation between the private sector public organizations and civil society for the achievement of all the SDGs.
TNC’s global characteristics and subsidiaries’ performance across European regions
Establishing the baseline: estimating the fiscal contribution of multinational enterprises
Tax revenues from multinational enterprises (MNEs) are an important source of public finance in developing economies. The research and policy debate so far have mostly focused on the “missing” part i.e. the government revenues lost due to the tax avoidance practices of MNEs (Bolwijn et al. 2018). In this study we take a different but complementary approach looking at the taxes and other revenues actually paid by foreign affiliates of MNEs to developing-country governments. We present two alternative methodologies to estimate foreign affiliates’ fiscal contribution – the contribution method and the foreign direct investment (FDI) income method – and show that they lead to the same order of magnitude. The findings allow us to set a baseline for an informed discussion on tax avoidance by MNEs.
Research methods in international business by Lorraine Eden, Bo Nielsen and Alain Verbeke
Capturing a fair share of fiscal benefits in the extractive industry
Emerging-Market multinationals, human rights, and sustainable development: Lessons from the Canadian experience
Locational criteria of activities related to innovation: An econometric study of industry-level data for OECD countries
Book reviews: Indian multinationals in the world economy – Implications for development
MNE subsidiaries’ adoption of gender equality and women empowerment goal: A conceptual framework
This article explores the possible response types of multinational enterprise (MNE) subsidiaries in adopting the gender equality and women empowerment goal number 5 of the 17 United Nations Sustainable Development Goals (SDGs). MNE headquarters’ commitment to gender equality does not necessarily get translated to their subsidiaries’ priority because of the strategic value the subsidiaries see and the legitimacy pressure they experience. Drawing on institutional theories and the literature on the transfer of organizational practices in MNEs we propose a two-dimensional (value added to strategy and legitimacy pressure) framework describing four major types of subsidiary response – resistance compliance conformity and commitment. Understanding these response categories would help global agencies and host-country governments adjust their efforts to enhance local legitimacy for SDG adoption. Our simple typology could also facilitate scholarly and practical discussion. We end our discussion with some suggestions for future research.