Beyond Capital : Monitoring Development Outcomes of Multinational Enterprises
This study presents a novel set of indicators on outcomes of foreign direct investment spanning 63 developing countries and 10 areas that matter for development. Building on decade-long data collection by the World Bank Enterprise Surveys, the indi...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/342571545336579695/Beyond-Capital-Monitoring-Development-Outcomes-of-Multinational-Enterprises http://hdl.handle.net/10986/31087 |
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okr-10986-310872021-06-08T14:42:45Z Beyond Capital : Monitoring Development Outcomes of Multinational Enterprises Lejárraga, Iza Ragoussis, Alexandros MULTINATIONAL CORPORATIONS MULTINATIONAL ENTERPRISES FOREIGN DIRECT INVESTMENT SUSTAINABLE DEVELOPMENT GLOBAL VALUE CHAINS LIVING STANDARDS TRADE TOTAL FACTOR PRODUCTIVITY DEVELOPMENT EFFECTIVENESS COMPETITIVENESS EXPORT COMPETITIVENESS SUPPLY CHAIN INNOVATION SKILLS TRANSFER BUSINESS ENVIRONMENT CAPITAL FLOWS This study presents a novel set of indicators on outcomes of foreign direct investment spanning 63 developing countries and 10 areas that matter for development. Building on decade-long data collection by the World Bank Enterprise Surveys, the indicators highlight systematic differences between foreign multinational enterprises and domestic firms across countries in competitiveness outcomes such as productivity, innovation, export orientation, as well as the extent to which they promote inclusiveness through job creation, gender empowerment, or supply linkages. Although there appears to be no striking trade-off between competitiveness and inclusiveness of foreign multinational enterprises, their premia differ substantially across regions and income groups. Differences in some key drivers of competitiveness, such as productivity, innovation, and skills transfer, appear to be increasing with income, although premia in most outcomes are stronger in lower-middle-income or low-income markets, highlighting the relevance of foreign multinational enterprises for socioeconomic progress in these contexts. Moreover, outcomes of foreign multinational enterprises in areas such as export orientation, skills transfer, and physical capital accumulation are more consistent across countries, whereas in other areas the outcomes display wide variation, suggesting potentially higher sensitivity to investor motivations, sectors, seasonal trends, and business environments. Policy efforts should take these differences into account, to devise investment strategies that not only seek to increase capital flows, but also enhance the benefits that could be derived from them. 2018-12-28T17:40:21Z 2018-12-28T17:40:21Z 2018-12 Working Paper http://documents.worldbank.org/curated/en/342571545336579695/Beyond-Capital-Monitoring-Development-Outcomes-of-Multinational-Enterprises http://hdl.handle.net/10986/31087 English Policy Research Working Paper;No. 8686 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
MULTINATIONAL CORPORATIONS MULTINATIONAL ENTERPRISES FOREIGN DIRECT INVESTMENT SUSTAINABLE DEVELOPMENT GLOBAL VALUE CHAINS LIVING STANDARDS TRADE TOTAL FACTOR PRODUCTIVITY DEVELOPMENT EFFECTIVENESS COMPETITIVENESS EXPORT COMPETITIVENESS SUPPLY CHAIN INNOVATION SKILLS TRANSFER BUSINESS ENVIRONMENT CAPITAL FLOWS |
| spellingShingle |
MULTINATIONAL CORPORATIONS MULTINATIONAL ENTERPRISES FOREIGN DIRECT INVESTMENT SUSTAINABLE DEVELOPMENT GLOBAL VALUE CHAINS LIVING STANDARDS TRADE TOTAL FACTOR PRODUCTIVITY DEVELOPMENT EFFECTIVENESS COMPETITIVENESS EXPORT COMPETITIVENESS SUPPLY CHAIN INNOVATION SKILLS TRANSFER BUSINESS ENVIRONMENT CAPITAL FLOWS Lejárraga, Iza Ragoussis, Alexandros Beyond Capital : Monitoring Development Outcomes of Multinational Enterprises |
| relation |
Policy Research Working Paper;No. 8686 |
| description |
This study presents a novel set of
indicators on outcomes of foreign direct investment spanning
63 developing countries and 10 areas that matter for
development. Building on decade-long data collection by the
World Bank Enterprise Surveys, the indicators highlight
systematic differences between foreign multinational
enterprises and domestic firms across countries in
competitiveness outcomes such as productivity, innovation,
export orientation, as well as the extent to which they
promote inclusiveness through job creation, gender
empowerment, or supply linkages. Although there appears to
be no striking trade-off between competitiveness and
inclusiveness of foreign multinational enterprises, their
premia differ substantially across regions and income
groups. Differences in some key drivers of competitiveness,
such as productivity, innovation, and skills transfer,
appear to be increasing with income, although premia in most
outcomes are stronger in lower-middle-income or low-income
markets, highlighting the relevance of foreign multinational
enterprises for socioeconomic progress in these contexts.
Moreover, outcomes of foreign multinational enterprises in
areas such as export orientation, skills transfer, and
physical capital accumulation are more consistent across
countries, whereas in other areas the outcomes display wide
variation, suggesting potentially higher sensitivity to
investor motivations, sectors, seasonal trends, and business
environments. Policy efforts should take these differences
into account, to devise investment strategies that not only
seek to increase capital flows, but also enhance the
benefits that could be derived from them. |
| format |
Working Paper |
| author |
Lejárraga, Iza Ragoussis, Alexandros |
| author_facet |
Lejárraga, Iza Ragoussis, Alexandros |
| author_sort |
Lejárraga, Iza |
| title |
Beyond Capital : Monitoring Development Outcomes of Multinational Enterprises |
| title_short |
Beyond Capital : Monitoring Development Outcomes of Multinational Enterprises |
| title_full |
Beyond Capital : Monitoring Development Outcomes of Multinational Enterprises |
| title_fullStr |
Beyond Capital : Monitoring Development Outcomes of Multinational Enterprises |
| title_full_unstemmed |
Beyond Capital : Monitoring Development Outcomes of Multinational Enterprises |
| title_sort |
beyond capital : monitoring development outcomes of multinational enterprises |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/342571545336579695/Beyond-Capital-Monitoring-Development-Outcomes-of-Multinational-Enterprises http://hdl.handle.net/10986/31087 |
| _version_ |
1764473580529123328 |