Direct Investment

  • Peter J. Buckley
  • Brian R. Roberts

Abstract

This book examines European direct investment in the United States of America (U.S.A.) in the period before World War I.* Our concerns are to examine the extent and nature of such investment; to assess the impact the investment had on the development of the economy of the U.S.A. and to provide explanations of this early direct investment in the light of the modern theories of international business. Our major concern is manufacturing industry but we shall also follow European capital into agriculture, extraction and mining, and service industries such as insurance and banking. No attempt is made to assess the impact of such investment on the source economies.

Keywords

Europe Marketing Defend Stake Guaran 

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Notes

  1. 1.
    G. Ragazzi (1973), ‘Theories of the Determinants of Direct Foreign Investments’, I.M.F. Staff Papers, vol. XX, no. 2, July.Google Scholar
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    C. P. Kindleberger (1969), American Business Abroad (New Haven, Conn.: Yale University Press).Google Scholar
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    John M. Stopford (1974), ‘The Origins of British-based Multinational Manufacturing Enterprises’, Business History Review, vol. XLVIII, no. 3, pp. 303–35.CrossRefGoogle Scholar
  4. It should be noted, however, that in many cases, ‘practically all the capital invested [in the cotton industry] by foreign-born manufacturers [before 1830] was amassed in America’. Caroline F. Ware (1931), The Early New England Cotton Manufacture (New York: Russell & Russell). The quotation is from p. 129.Google Scholar
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    Peter Svedberg (1978), ‘The Portfolio-Direct Composition of Private Foreign Investment in 1914 Revisited’, Economic Journal, vol. LXXXVIII, no. 4, December.Google Scholar
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    Michael Z. Brooke and H. Lee Remmers (1970), The Strategy of Multinational Enterprises (London: Longman).Google Scholar
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    M. Edelstein (1974), ‘The Determinants of UK Industry Abroad, 1870–1913: The US Case’, Journal of Economic History, vol. 34, no. 4, December.Google Scholar
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    Alice Teichova (1974), An Economic Background to Munich: International Business and Czechoslovakia 1918–38 (Cambridge: Cambridge University Press).Google Scholar
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    Peter J. Buckley and Mark Casson (1976), The Future of the Multinational Enterprise (London: Macmillan).Google Scholar
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    See also Ian H. Giddy (1978), ‘The Demise of the Product Cycle Model in International Business Theory’, Columbia Journal of World Business, vol. XIII, no. 1,Google Scholar
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    R. H. Lytle (1968), ‘The Introduction of Diesel Power into the United States, 1897–1912’, Business History Review, vol. XLII, no. 2 (Summer).Google Scholar

Copyright information

© Peter J. Buckley and Brian R. Roberts 1982

Authors and Affiliations

  • Peter J. Buckley
  • Brian R. Roberts

There are no affiliations available

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