Table of Contents

Governance, Multinationals and Growth

Governance, Multinationals and Growth

New Horizons in International Business series

Edited by Lorraine Eden and Wendy Dobson

In Governance, Multinationals and Growth, leading scholars celebrate and build upon the pioneering work of Edward Safarian on multinational enterprises and foreign direct investment. The book explores the linkages among multinationals and foreign direct investment, corporate and public governance, and economic growth. The contributors pay particular attention to emerging policy issues that include the behavior of individual governments, intergovernmental organizations and civil society. In addition, they address linkages among MNEs, their governance and economic growth, and generic policy realities (and innovations) in a small-to-medium-sized economy.

Chapter 15: Issues on Governance, Multinationals and Growth: Thoughts on Method, Policy and Research Suggested by the Festschrift Papers

Richard G. Lipsey

Subjects: business and management, international business, economics and finance, international economics

Extract

Richard G. Lipsey This paper arose out of my original task to be rapporteur for the conference in honour of Ed Safarian. At the suggestion of the organizers, I have not provided the usual summary report, which job I have left for them. Instead, I have elaborated on the comments I made at the conference. These are a set of more or less original observations that were suggested by the papers. I have grouped these into four distinct groups: issues of method and interpretation, issues for further research, general issues of policy, and specifically Canadian issues of policy. Although I touch on all the papers at some point in my comments, the amount of space I give to each is not a function of my assessment of their importance, but of what they suggested to me about the above four topics. Some of the papers provided muchneeded factual information of a descriptive or statistical sort. Although these added significantly to our knowledge, they did not raise many issues related to the topics I have chosen. ISSUES OF METHOD AND INTERPRETATION Ed Safarian was never a builder of models for their own sake. He was interested in finding out how the world worked, always with an eye to shedding light on current policy issues, particularly as they arose in a small open economy such as Canada’s. If he was starting out today, he would no doubt couch some of his theorizing in more formal terms than he did, but...

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