The presence of foreign multinational enterprises (MNEs) can benefit local economies. In particular, if MNEs are very productive compared to domestic firms, they may promote learning and catch-up of local firms. Such a channel of spillovers from MNEs to local firms is known as the...

To evaluate the importance of remittances in international capital flows, a burgeoning macro-economic literature has displayed their contribution to national, regional and local economic development. Until now, however, there have been few micro-economic studies of the effects of remittances....

A suitable organizational structure is necessary for companies to effectively manage foreign activities. Firms can choose from among several modes of foreign market entry, including exporting, contractual agreements, joint venturing, acquiring an existing company, and establishing a wholly owned...