Multinational Enterprises and Structural Transformation in Emerging and Developing Countries: A Survey of the Literature

Fu, Xiaolan, Emes, David and Hou, Jun (2021) Multinational Enterprises and Structural Transformation in Emerging and Developing Countries: A Survey of the Literature. International Business Review, 30 (2). p. 101801. ISSN 0969-5931

Full content URL: https://doi.org/10.1016/j.ibusrev.2021.101801

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Multinational Enterprises and Structural Transformation in Emerging and Developing Countries: A Survey of the Literature
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Abstract

This paper presents a review of the literature concerning the relationship between multinational enterprises (MNEs) and structural transformation in emerging and developing countries based on journal publications over the 2000 to 2020 period. Both outward and inward foreign direct investment by multinationals were found to have strong potential implications for structural change, in the form of knowledge transfer and capabilities upgrading, productivity growth, export promotion, industrial diversification and service sector growth. With rapid development and diffusion of digital technologies, MNEs in the service sector and the digital economy may also open windows of opportunity for developing countries to catch-up in the service sector. The strength and sign of these effects were, however, dependent most prominently on (1) the characteristics of the MNEs and the host countries and (2) the compatibility of the MNEs and the host country. Policy and managerial implications are discussed. A set of areas for future research are also identified.

Keywords:Multinational enterprises, structural change, manufacturing productivity, services, diversification, industrial upgrading.
Subjects:N Business and Administrative studies > N120 International Business studies
Divisions:Lincoln International Business School
ID Code:44172
Deposited On:05 Mar 2021 15:18

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