Foreign Direct Investment and Integration into Global Production and Distribution Networks : The Case of Poland
Not until the end of the twentieth century, the "second globalization," has the ratio of trade to Gross Domestic Product been comparable to that during the first globalization, which took place at the end of the nineteenth century and was...
| Main Authors: | , |
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2001/07/1552004/foreign-direct-investment-integration-global-production-distribution-networks-case-poland http://hdl.handle.net/10986/19592 |
| Summary: | Not until the end of the twentieth
century, the "second globalization," has the ratio
of trade to Gross Domestic Product been comparable to that
during the first globalization, which took place at the end
of the nineteenth century and was interrupted by World War
I. Technological progress has increased the importance of
the international division of labor and of global production
and distribution networks. Multinational corporatios have
been a driving force behind these developments. As a
transition economy, Poland provides an interesting case for
study, as its sudden opening to foreign investment after a
long period of isolation allows the process of integratio
into global networks to be studies more clearly. Using
Poland as a case study, the authors study multinational
corporatios' role in integrating a host country into
the increasingly international division of labor. They
provide evidence that inflows of foreign direct investment
are increasing Poland's participation in global
production and distribution networks. They conclude that
because of the large volume of foreign direct investment
inflows expected in Poland in the near future, Poland's
exports--driven by fragmented production production--will
continue to expand at even faster rates than observed there recently. |
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