Multinational Firms in the World Economy

The course assesses the determinants of multinationals' actions, covering also selected aspects of organization and management of multinational firms. The global value chains will be presented and explained. The course shows why the activity of multinational enterprises (MNEs) has expanded so rapidly and explains why some countries have seen more such activities than others. Effects of FDI and MNEs on will be analyzed and presented.

The course objective is to analyze the activity of multinational firms (multinational enterprises - MNEs) in the modern world, including the discussion of the costs and benefits to the firm of splitting the production, as well as consequences of MNEs for home and host economies.

Literatura podstawowa:

John H. Dunning, Sarianna M. Lundan, Multinational enterprises and the global economy, E. Elgar Publishing, 2008, chapters 1, 3-5, 7, 10, 11.

A.M. Kowalski, Internationalization of Firms, Warsaw School of Economics 2015, chapters 5, 6, http://doi.org/10.5281/zenodo.4249722;

UNCTAD, "World Investment Report 2022. International tax reforms and sustainable investment", New York

and Geneva: United Nations, 2022, https://unctad.org/system/files/official-document/wir2022_en.pdf, chapter 1.

Literatura uzupełniająca:

Asmussen, C., Chi, T. and Narula, R. (2022) Quasi-internalization, recombination advantages and global value chains: clarifying the role of ownership and control. Journal of International Business Studies. ISSN 1478-6990 doi: https://doi.org/10.1057/s41267-022-00551-5

Pineli, A., Narula, R., & Belderbos, R. (2021). FDI, multinationals and structural change

in developing countries. In N. Foster-McGregor, L. Alcorta, A. Szirmai, & B. Verspagen

(Eds.), New Perspectives on Structural Change: Causes and Consequences of Structural

Change in the Global Economy, Oxford University Press.

Narula, R., Asmussen, C. G., Chi, T., & Kundu, S. K. (2019). Applying and advancing

internalization theory: The multinational enterprise in the twenty-first century. Journal

of International Business Studies, 50(8), 1231?1252. doi:10.1057/s41267-019-00260-6

Witt, M.A. (2019). De-globalization: Theories, predictions, and opportunities for international business research, Journal of International Business Studies , (2019) 50, pp. 1053?1077.

Wiedza:

1. Student understands costs and benefits to the firm of splitting the production.

2. Student knows how to create and sustain international competitiveness of MNEs and understands their methods of competing.

3. Student understands motivations of MNEs to invest abroad and knows how to define foreign direct investments (FDI).

4. Student understands complexity, specific features and evolution of MNEs' value chains, organizational structures and strategies.

5. Student knows how MNEs activity impacts home and host economies.

Umiejętności:

1.Student is able to identify sources of MNEs competitive advantages.

2. Student is able to measure multinational activity of firms.

3. Student is able to analyze market position of a multinational firm and define appropriate strategy to expand abroad.

4. Student is able to formulate policies to attract FDI and benefit from it.

Kompetencje społeczne:

1. Student will become a high-skilled staff of a given large multinational enterprise, knows how to work in team.

2. Student will become a creative, open-minded manager, able to work in dynamic international environment.

egzamin testowy: 50.00%

referaty/eseje: 25.00%

inne: 20.00%

prezentacje indywidualne lub grupowe: 5.00%