Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/297261 
Year of Publication: 
2023
Series/Report no.: 
IFN Working Paper No. 1465
Publisher: 
Research Institute of Industrial Economics (IFN), Stockholm
Abstract: 
The relationship between multinational enterprises (MNEs) and governments has evolved over time, from a period of conflict after World War II to a more cooperative relationship in the 1970s and 1980s (Dunning, 1993). In the 1990s, many host governments sought foreign direct investments (FDIs) by MNEs and subsidized inward investments through excessive locational competition (Oxelheim & Ghauri, 2004). However, recently, this relationship has changed again, and outward-oriented policies have been replaced by protectionist ones (Ghauri, Strange & Cooke, 2021; Oxelheim & Randøy, 2021). Home country governments, particularly in the US (i.e., Inflation Reduction Act) and in Europe (i.e., Net-Zero Industry Act as part of the Green Deal Industrial Plan), are concerned about technology transfers and value chain vulnerabilities from both inward and outward investments.
Subjects: 
Sustainable finance
ESG
protectionism
globalization
state aid
investment patterns
global value chain
JEL: 
D25
E22
E24
E58
E62
F21
F23
L22
Document Type: 
Working Paper

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