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Title: Foreign direct investment and global business networks in the Czech Republic and Cuba : towards an optimisation policy
Author: Tufton, Christopher Charles
Awarding Body: University of Manchester
Current Institution: University of Manchester
Date of Award: 2002
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The increasing importance of Foreign Direct Investments is evident from the fact that between 1973-1995, the value of annual FDI outflows multiplied twelve times, from US$25· billion to US$315 billion, greater than the increases in world .trade exports over the same period (WTO, 1996). In 2000 FDI reached record levels to US$I.3 trillion, an 18% increase over the year before and at a growth rate faster than other economic aggregates such as world production, capital formation, and trade (UNCTADI WIP, 2001). This expansion of FDI activity is partly due to the liberalization of the world economy but also a greater acceptance by countries around the world that hosting FOI activities can bring economic benefits such as jobs, capital, technology and export revenues. This belief has fuelled not just a willingness by countries to host FDI, but. over the past decade, countries have been actively competing for such activities. The challenge to attract and benefit from FOI is most recent for former and current state socialist countries like the Czech Republic and Cuba respectively. Using a qualitative, case based approach this study attempts to determine the motivations and industry impact of FOI on Cuba and the Czech Republic. This is done from the perspective of both countries policies and programs aimed at attracting FOI, foreign companies operating in both countries and local supplier companies. Using Gary Gereffi's GCC framework as a descriptive and analytical tool, and Robert Yin's approach to case study research, the work highlights theories on FDI motivations and development impact, with a view to finding an appropriate mix of policies to attract and benefit from foreign investor activity in both countries. The results confirmed an important role for FOI in both countries, however the benefits were dependent on the extent to which FDI activities are integrated into local supplier networks. The study confirms the need for pro-active government action towards developing the capacity to attract and service pre-determined foreign investors and to facilitate local linkages by upgrading and matching local suppliers with foreign investment activities. Finally, the research confirmed the value of the GCC framework in conducting industry assessments, and suggested an eclectic approach to attracting foreign investors.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available