American Investment in British Manufacturing Industry: by John Dunning

By John Dunning

At the 40th anniversary of its unique booklet, Dunning has up to date this seminal vintage, including a brand new creation and concluding bankruptcy that places the paintings in modern viewpoint. This used to be the 1st learn to envision the level and effect of international direct invesment in a bunch of nations.

Show description

Read or Download American Investment in British Manufacturing Industry: Revised and Updated Edition PDF

Similar investments & securities books

Mastering Financial Management

Delivering a special mixture of educational rigour and sensible insights this e-book makes use of examples and illustrations drawn from quite a lot of real-life occasions. It teases out that means from corporation bills, makes your monetary stories fascinating and influential, manages budgets and motivates humans to accomplish objectives, and lots more and plenty extra.

Foreign Direct Investment in Emerging Economies (Routledge Studies in International Business and the World Economy, 16,)

The Caribbean nations of Jamaica, Barbados and Trinidad-Tobago signify first-class examples of the more and more vital function performed by means of international Direct funding (FDI) in much less constructed, micro-economies. The elevated dependence of those nations on FDI, besides the fact that, calls into query the recognition of the company setting of the zone to the overseas investor.

The Professional Risk Managers' Guide to the Energy Market (PRMIA Risk Management Series)

A necessary source for all monetary pros laid low with strength costs, the pro chance Managers’ consultant to the strength marketplace offers an entire account of the evolution, instruments, scope, and breadth of the strength and environmental monetary markets. backed via the PRMIA Institute and edited by means of well known analyst Peter Fusaro, the e-book comprises contributions from 20 international specialists who speak about each point of strength buying and selling and the hazards linked to particular funding autos and effort sectors.

Think Like an Option Trader: How to Profit by Moving from Stocks to Options

The key TO benefiting from recommendations: imagine LIKE a qualified alternative dealer, no longer A inventory dealer! comprehend the original dynamics of techniques trades and markets sensible, concise insights in accordance with real alternative buying and selling situations grasp exchange choice, threat administration, and extra by means of expert recommendations dealer Michael Benklifa, best-selling writer of Profiting with Iron Condor recommendations are looking to win in concepts?

Additional info for American Investment in British Manufacturing Industry: Revised and Updated Edition

Example text

The abandonment by the United Kingdom of the gold standard in 1931 and the substitution of a managed currency and exchange control in its place, the Ottawa Agreement and the Imperial Preference Tariff of 1932, the rationalization of industry, and a gradual recovery of trade and commerce, heralded a new economic milieu for the United Kingdom, and prompted an increase in foreign investment—and particularly that of American origin—into the country. On the other hand, the world depression and its The growth of US investment in British manufacturing industry 25 crippling effect on the US economy had its own severe repercussions on both the ability and the desire of that country’s firms to invest abroad.

Here, the Utilities Power and Light Corporation Ltd, through the Greater London and Counties Trust Ltd, which was formed in 1925, played a leading role in fostering the development of electricity supply, particularly in rural and semi-rural areas in southern England. g. Wessex Electricity Company and the East Anglian Electric Supply Company, and by the acquisition of established authorized undertakings such as those in Oxford, Reading and Cookham. In February 1928, an offer was made to the shareholders of Edmundsons Electricity Corporation Ltd, the result of which more than 95 per cent of the ordinary capital of that company passed into the American investment in British manufacturing industry 22 hands of the Greater London and Counties Trust Ltd.

But counterbalancing this trend, there were cases of American-originated firms losing their identity and becoming, either de jure or in practice, British companies. At the same time, Continental European companies continued to increase their stake in UK industry. Among the most noticeable of these were British Enka and Philips of the Netherlands, Hoffman La Roche of Switzerland, Electrolux of Sweden, and the Pirelli tyre company of Italy. More generally, of the 315 new manufacturing subsidiaries set up in the UK between 1919 and 1939, 228 were US-owned and all but 17 of the rest were from Continental Europe.

Download PDF sample

Rated 4.37 of 5 – based on 19 votes