Abstract
The multinational company has scarcely been integrated into the theory of economic integration. One reason is basically simple. Multinationals —defined as the same company operating in different countries — undermine some of the key premises of integration theory, based as the latter primarily is on the assumption of different companies in different countries. In short, they break up the theory.
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Notes
John Dunning (ed.), The Multinational Enterprise (Allen & Unwin, 1975).
See further Wayland Kennet, Larry Whitty and Stuart Holland, Sovereignty and Multinational Companies (Fabian Society, 1971 ).
Bela Balassa, ‘American Direct Investment in the Common Market’, Ban ca Nazionale del Lavoro Quarterly Review (June 1966).
EEC Commission, Industrial Policy in the Community (Memorandum to the Council) (1970) p. 92.
Robert Rowthorn and Stephen Hymer, The Multinational Corporation: the Non American Challenge, in C. P. Kindleberger (ed.), The International Corporation (Harvard University Press, 1970)
A. Jacquemin and M. Cardon de Lichtbuer, ‘Size, Structure, Stability and Performance of the Largest British and EEC Firms’, European Economic Review, December 1973.
Jacquemin and Cardon de Lichtbuer, ibid, and EEC Commission, Sixth Report on Competition Policy (Brussels: 1977) p. 164.
S. J. Praise, The Evolution of Giant Firms in Britain, (National Institute of Economic and Social Research and Cambridge University Press, 1976 ).
Derek Channon, The Strategy and Structure of British Enterprise (Macmillan, 1973).
Lawrence Franko, The European Multinatonals (Harper & Row, 1976).
Gareth Locksley, ‘Big Business in the EEC’, Cambridge Journal of Economics.(1979)
Department of Trade and Industry, Export Concentration, ( HMSO, Apr. 1974 ).
Cf. F. M. Scherer, Industrial Market Structures and Economic Performance (1970)
W. Shepherd, Market Power and Economic Welfare(1970)
Cf. Edith Penrose, The Theory of the Growth of the Firm (1959).
Paolo Sylos Labini, Oligopoly and Technical Progress (1962);
EEC Commission, Structural Problems of Inflation mimeo (1976).
See Stuart Holland,Multinational Companies and a Selective Regional Policy, in Second Report from the Expenditure Committee: Regional Development Incentives, Minutes of Evidence ( HMSO, Jan. 1974 ).
See, further, Michel Lelart, ‘Comment les banques européennes creent des Eurodollars’, Le Monde, 14 June 1977.
Nicholas Kaldor, ‘The Dynamic Effects of the Commont Market’, in Douglas Evans (ed.), Destiny or Delusion? (Gollancz, 1971 ).
D. C. Hague, E. Oakshott and A. Strain, Devaluation and Pricing Decisions (Allen & Unwin, 1974 )
Peter Holmes, Industrial Pricing Behaviour and Devaluation (Macmillan, 1978).
J. M. Keynes, The General Theory of Employment, Interest and Money, ch. 12 (Macmillan, 1st edition 1936 ).
R. A. Mundell, ‘A Theory of Optimum Currency Areas’, American Economic Review (Nov. 1961)
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© 1980 Stuart Holland
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Holland, S. (1980). Multinational Integration. In: Uncommon Market. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-16304-5_4
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DOI: https://doi.org/10.1007/978-1-349-16304-5_4
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