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Full Description
This book discusses challenges that arise for multinational companies from not having a single 'nationality' and being exposed to a variety of simultaneous country-specific, legally, and culturally constructed nationalities at home and abroad. Brexit, America First campaigns, Russia's war against Ukraine, or the ever-tenser relationship between China and the US have led to raising concerns about foreign direct investments. Multinational companies are pressured to withdraw from countries and reorganise global value chains. The long-held confidence that 'nationality' does not matter for multinational companies in the globalised economy has dwindled. Today, companies doing business abroad are exposed to implications of their 'nationality' because governments and customers react upon the 'nationality' of a firm or a product as they did in the 20th century.
The chapters in this book address many international business domains, covering political risk, liability of foreignness, cultural distance, headquarters change, and tax planning. They use different methodological approaches to analyse European and US-based MNEs in Europe, Africa, and South-East Asia from 1900 to 1980. The book argues that 'nationality' is not a ghost from the past in international business, it is a topic that requires substantial consideration.
The chapters in this book were originally published in the journal Business History.
Contents
1. Nationality in Times of Economic and Political Turbulences 2. International business, multinational enterprises and nationality of the company: a constructive review of literature 3. The paradox of nationality: Foreign investment in Portuguese Africa (1890-1974) 4. Changing corporate domicile: The case of the Rhodesian Selection Trust companies 5. Corporate structural change for tax avoidance: British multinational enterprises and international double taxation between the First and Second World Wars 6. National conflicts in a multinational: The case of the Dutch-German AKU/VGF/Akzo, 1920s to 1970s 7. Filling a colonial void? German business strategies and development assistance in India, 1947-1974 8. 'American Management' vs 'Swiss Labour Peace'. The closure of the Swiss Firestone factory in 1978 9. The defence of cosmopolitan capitalism by Sir Charles Addis, 1914-1919: A microhistorical study of a classical liberal banker in wartime
