Global Capitalism at Bay
Routledge Studies in International Business and the World Economy
Author: John H. Dunning
Table of Contents
Introduction and Overview
Part I. Global Capitalism at Bay?
1. Whither global capitalism?
2. The Christian response to global capitalism
Part II. Theoretical Perspectives
3. The eclectic paradigm as an envelope for economic and business theories of global business activity
4. Location and the MNE: a neglected factor
5. A generalized theory of foreign direct and foreign portfolio investment
Part III. Regions and Globalization
6. Regions, globalization and the knowledge based economy
7. The changing geography of foreign direct investment
8. Globalization and recent developments in Asia
9. European integration and MNE activity
10. Re-energising the Trans-Atlantic connection
Part IV. National Governments and Global Capitalism
11. Globalization: the challenge for national economic regimes
In this collection of his latest essays, John H Dunning - renowned authority in international business -
elaborates his theories on the current situation of foreign direct investment and multinational enterprises.
Global Capitalism at Bay considers the unique characteristics of contemporary capitalism; and what
must be done if it is to survive and prosper in the twenty first century.
The book examines the marked reorientation in FDI and MNE activity over the last decade, based on two
systemic structural changes in the global economy. One change is related to the renaissance of the
market economy which has drawn in many previously closed economies, such as those of India, China or
Russia. The second fundamental change relates to the maturation of the knowledge based economy, and
the emergence of the internet as a dominant technological force. Both these changes are central to our
understanding of contemporary capitalism.
John H Dunning argues that there are great possibilities now for a fruitful alliance between the private and
public sector in relation to the world's natural resources, yet at the same time there are implicit costs in
combatative interaction between the main wealth creators not just to global capitalism, but also to the
economic and social welfare of all people - rich or poor.
'Dunning has done more than any other scholar to build the field of international business on similarly
strong moral and theoretical foundations.'