Foreign Direct Investment (FDI) has become a central issue in economic and business history. The flow of international (portfolio and direct) investments was a well-entrenched feature of the World economy already before WW1, to a such extension that it is possible to talk in this case of a "first globalization". However, it has been after WW2 and especially since the 1970s that the flow of FDI has gone through a rapid and sustained growth which has made it the driving force of today's globalization. As the available statistics clearly show, increasingly FDI have been directed to developed, market economies. In this framework, Europe assumed the role of one of the main home as well as host macro-regions for international investment activity.This session intends to analyse the evolutionary dynamics in European FDI from the end of WW2 to the present days. Thus, one relevant topic will be the role of the "Rome Treaty" and the European integration process in promoting the flow of international investments both between European countries and between Europe and other regions. The organizers of this session are also interested in receiving papers on the role of multinationals in prompting the European integration and their impact on national business systems. Papers focusing in historical perspective on any other issues relevant to the analysis of European FDI are welcome too, e.g.: levels and determinants of both inward and outward FDI; regional, sectoral and firm cases; and policy implications.
Session Q-4: "European FDI and globalization: 1945-2005" - XV World Economic History Congress (Utrecht, 3rd to 7th August 2009) [CONGRESSO] / Rinaldi, Alberto; A., Colli; K. E., Sluyterman. - (2009).
Session Q-4: "European FDI and globalization: 1945-2005" - XV World Economic History Congress (Utrecht, 3rd to 7th August 2009) [CONGRESSO]
RINALDI, Alberto;
2009
Abstract
Foreign Direct Investment (FDI) has become a central issue in economic and business history. The flow of international (portfolio and direct) investments was a well-entrenched feature of the World economy already before WW1, to a such extension that it is possible to talk in this case of a "first globalization". However, it has been after WW2 and especially since the 1970s that the flow of FDI has gone through a rapid and sustained growth which has made it the driving force of today's globalization. As the available statistics clearly show, increasingly FDI have been directed to developed, market economies. In this framework, Europe assumed the role of one of the main home as well as host macro-regions for international investment activity.This session intends to analyse the evolutionary dynamics in European FDI from the end of WW2 to the present days. Thus, one relevant topic will be the role of the "Rome Treaty" and the European integration process in promoting the flow of international investments both between European countries and between Europe and other regions. The organizers of this session are also interested in receiving papers on the role of multinationals in prompting the European integration and their impact on national business systems. Papers focusing in historical perspective on any other issues relevant to the analysis of European FDI are welcome too, e.g.: levels and determinants of both inward and outward FDI; regional, sectoral and firm cases; and policy implications.
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