European Integration and Global Corporate Strategies

This book explores the links between the options of world-wide globalisation and European integration which are open to today's corporations, highlighting whether there are conflicts or complementaries between them.

European economies are becoming increasingly integrated, and at the same time, the world economy is becoming global. This has raised questions about the specific strategies followed by transnational companies. It also raises the issue of whether the drive towards integration is compatible with that towards globalisation strategies; whether, and to what extent, they strengthen each other. European Integration and Global Corporate Strategies explores the links between the options of world-wide globalisation and European integration which are open to today's corporations, highlighting whether there are conflicts or complementaries between them. The book is divided into two parts: the first part looks at specific mechanisms and trends of globalisation in the context of changes due to European integration. The second part considers the role of innovation and technology diffusion as part of the integration and globalisation strategies. All the contributors are leading experts from Britain, Italy, the Netherlands and Spain. This book will be of particular interest to students and researchers in the fields of business, economics, politics and European studies.

Part I. Patterns of Integration and Globalisation
1. Globalisation, foreign direct investment and innovation: a European perspective Francois Chesnais and
Roberto Simonetti
2. FDI, the pattern of European trade and European competitiveness Francois Chesnais and Arold Sailleau
3. Cross-border mergers and acquisitions: patterns in the EU and effects Grazia Ietto-Gillies, Meloria Meschi and Roberto Simonetti
4. Profits from foreign direct investment: patterns
in EU countries and their implications Grazia Ietto-Gillies
Part II. Innovation, Integration and Globalisation
5. Innovation and globalisation: evidence and implications Daniele Archibugi and Simona Iammarino
6. Globalisation of innovatory capacity: the structure of competence accumulation in European home and most countries John Cantwell and Odile Janne
7. Strategic technology alliances by European firms since 1980: questioning integration? Rajneesh Narula
8. Multinationals, domestic firms and the internationalisation of technology: Spain as an intermediate case Jose Molero
9. Participation by periphery firms in European R&
D programmes: the 'Low R&
D trap' Xavier Vence, Xulia Guntin and Oscar Rodil
10. Developing a European policy framework in the face of globalisation Francois Chesnais and Grazia Ietto-Gillies