The Selected Essays of John H. Dunning, Volume II
This volume and Volume I of the set consists of some of my more substantial and influential contributions to the study of international business (IB), foreign direct investment (FDI) and global capitalism. The contributions stretch over nearly three decades, although the great majority were written in the 1980s and 1990s. The second volume covers a variety of topics, ranging from the economic and social implications of global capitalism to the rising importance of regional economies in their desire to attract inward foreign direct investment (FDI), to issues of competitiveness and how national governments might best respond to the opportunities and challenges of globalization. The first group of essays – Chapters 1 to 4 – identifies a number of features of the changing world environment which have occurred over the last two decades and their relevance for international business (IB) activity. The comparisons and contrasts between the situation in the early 1980s (Chapter 1) and 2000 (Chapter 2) are both interesting and instructive. Chapter 2 contains some of my recent thoughts on the actions which need to be taken if the global capitalist system, as we know it today, is to survive and prosper. Particular attention is given to the role of the four main institutions of global capitalism, viz. markets, civil society, national governments and supranational agencies. The recent (2001) terrorist attack on the World Trade Center in New York City dramatically emphasizes some of the economic, political and moral imperatives which need to be addressed if global capitalism is to remain...