This book is one of the first to specifically address the subsidiary development process - a phenomenon by which multinational company subsidiaries enhance their resources and capabilities. It shows how this process is integral to multinational corporate evolution, which is largely driven by changes in subsidiaries and their development. It also illustrates how the recent trend towards greater international dispersal of value-adding activities has impacted on this process and on multinational evolution as a whole.

This book explores and analyzes the effects of the globalization strategies of multinational enterprises (MNEs) on national and local development and highlights the implications of these effects for policy makers. Containing contributions from leading international business scholars, the text addresses this previously little explored but critically important issue for the future of the world economy.

An update of and answer to Industry, Policy and the Scottish Economy (published in 1984) this book critically examines the shape of the Scottish economy, and considers contemporary and future policy issues within the context of the global economy. Supported by the Royal Bank of Scotland, Scottish Enterprise and Strathclyde International Business Unit, the book focuses on the future competitiveness of Scotland's economy, and it's industries and enterprises. The contributors are leading figures in business, the public sector and academia.