This volume identifies and analyses the crucial issues in the impact of multinational enterprises (MNEs) on less developed countries (LDCs). The chapters cover the process of development, paying attention to entrepreneurship, cultural factors and management styles and examine the impact on welfare and income distribution in the host country.

List of Tables - List of Figures - Preface and Acknowledgements - List of Contributors - PART 1: INTRODUCTION - Introduction and Statement of the Issues; P.J.Buckley & J.Clegg - PART 2: THEORY - Multinational Enterprises in Less Developed Countries: Cultural and Economic Interaction; P.J.Buckley & M.Casson - On the Transferability of Management Systems: The Case of Japan; K.Weiermair - PART 3: MARKET STRUCTURE AND WELFARE EFFECTS - Strategic Trade Policy and the Multinational Enterprise in Developing Countries; E.M.Graham - Market Rivalry, Government Policies and Multinational Enterprise in Developing Countries; H.Katrak - The Impact of Foreign Investment on Less Developed Countries: Cross-Section Analysis versus Industry Studies; R.Jenkins - PART 4: TRADE AND INVESTMENT - Countertrade: Theory and Evidence; M.Casson & F.Chukujama - Factors Influencing Foreign Direct Investment by Transnational Corporations in Host Developing Countries: A Preliminary Report; D.J.Lecraw - PART 5: EMPIRICAL STUDIES OF FOREIGN DIRECT INVESTMENT IN LESS DEVELOPED COUNTRIES - Foreign Multinationals and Industrial Developed in Africa; J.Cantwell - Yugoslav Foreign Direct Investment in Less Developed Countries; P.Artisien, M.Rojec & M.Svetlicic - The Evolution of Multinationals from a Small Economy: A Study of Swedish Firms in Asia; R.Aggarwal & P.N.Ghauri - Multinational Activity in the Mediterranean Rim Textile and Clothing Industry; J.Hamill - Service Sector Multinationals and Developing Countries; P.Enderwick - PART 6: SUMMARY AND CONCLUSION - Some Concluding Remarks; J.Dunning - Bibliography - Index