The foreign investment decision process

Abstract

This chapter examines globalisation in terms of conflicts between markets and economic management and suggested that the differential pace of globalisation across markets presents a number of challenges to policy makers in local, national and regional governments and in international institutions. The paper focuses on the relationship between the evolving strategies of multinational enterprises (MNEs), the changing economic geography of the world economy and globalisation. The first section charts the conflicts between markets and government policies as markets integrate across national borders. Markets are globalised by the actions of MNEs. The drivers of deliberate process, the location and ownership strategies of MNEs are examined in the second section. The third section, makes economic geography more important than ever. Finally, the article examines protests against globalisation that leads to the concluding research agenda. The management of space and time by MNEs should be in the forefront of the analysis of globalisation.