Thoroughly updated and substantially extended, this internationally successful text explores transnational corporations (TNCs), their activities and effects, as well as the theories developed to explain them. Invaluable for courses as well as researchers in international business, international economics, globalization, international relations, economic geography and history of economic thought on the TNCs.

Key features of this edition:

• A unique critical analysis of all the theories of TNCs in their historical context and with insightful commentaries at the end of each chapter, now extended to cover network theory and dynamic capabilities theory
• Clear exposition of concepts on the evolution and the activities of TNCs
• Analysis of effects of TNCs' activities on: innovation; labour; trade; balance of payments and the fiscal revenue of countries
• Discussions on new topics such as the digital TNCs and global value chains
• A contribution to the history of economic thought on the TNC
• Summary boxes as well as suggestions for further reading within each chapter give opportunities for discussion and extended learning.

Ideal for advanced bachelors and masters courses in international business, economics, international relations, globalization and economic geography as well as the history of economic thought, Transnational Corporations and International Production is an essential text for appreciating the evolution, explanations and impact of TNCs in a globalised world.