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European Union and the Race for Foreign Direct Investment in Europe »

Book cover image of European Union and the Race for Foreign Direct Investment in Europe by Lars Oxelheim

Authors: Lars Oxelheim (Editor), Pervez Ghauri
ISBN-13: 9780080442457, ISBN-10: 0080442455
Format: Hardcover
Publisher: Emerald Group Publishing
Date Published: January 2004
Edition: (Non-applicable)

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Author Biography: Lars Oxelheim

Book Synopsis

The purpose of the volume is to analyze the impact of European Union on inward foreign direct investment in Europe and to discuss what type of effects are being created by this race for FDI.

The volume deals with two levels of discussion: First, by looking at the policy issues as addressed by the EU authorities and incentive regimes exercised in single countries by local governments. Second, by looking at company strategies towards location selection and whether there is a trend towards concentration in some countries or regions. Although academically it is still under discussion, most countries believe that inward foreign direct investment is beneficial for local economies.

It is considered positive not only for job opportunities but also for tax income, technological development and competitiveness of local firms. Countries thus create different type of incentives for foreign firms, such as; direct incentives/subsidies, tax relief, soft loans and preferred handling. This race for attracting inward FDI has been intensified in the European Union. However, there has hardly been any research to understand the impact of EU on the competition among EU-countries to attract FDI. This volume will investigate whether there is such a race or not and provide evidence from different countries. .

- Provides evidence from different countries
- Analyzes the impact of EU on the competition among EU-countries to attract FDI

Table of Contents

Contributors
Preface
1The Race for FDI in the European Union3
2Regional Integration and Foreign Direct Investment in a Globalised World Economy35
3The WTO and the Race for Inward FDI in the European Union59
4The Role of Environmental Issues in the Competition for Inward Investment within Europe101
5Heading for Headquarters? Why and How the Location of Headquarters matter among the EU countries123
6Capital Market Developments and the Race for FDI in the European Union149
7The Race for Japanese FDI in the European Union185
8The Global Race for FDI: The Case of Australian Investment in Europe209
9Investment and Acquisition Strategies of U.S. Firms in Europe237
10EU Periphery and the Quality of Manufacturing FDI257
11The Impact of Enlargement on the Race for FDI289
12The Race for Inward FDI in the Baltic States and Central and Eastern Europe323
13Political Risk and FDI: Existing EU vs. Acession Countries355
14The Race for FDI in Services - The Case of the Airline Industry381
15Foreign Direct Investment - Location Attractiveness for Retailing Firms in the European Union407
16The Race for Investment in the New Economy429
17The FDI Race in European Banking459
Author Index485
Subject Index493

Subjects