Multinationals and European Integration

Download or read book Multinationals and European Integration written by Nicholas A. Phelps and published by Routledge. This book was released on 2013-10-18 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the role of the multinational firms in processes of European integration. It is primarily concerned with the implications of market integration and industrial restructuring for peripheral European regions. Nicholas Phelps argues that, because of the complex relationship between competition and economies of scale, the persistence of market segmentation, and because of the embeddedness of multinational investment in established production locations, there is considerable inertia in the existing trade and investment patterns of multinationals in the EU. This argument is explored empirically in relation to multinationals operating in Wales. This study suggests that processes of restructuring accompanying market integration are slow to take effect and based on a diversity of motives.