Foreign investment in Portugal and knowledge spillovers: From the Methuen Treaty to the 21st century

Lopes, Teresa Silva; Simões, Vítor Corado

doi:10.1080/00076791.2017.1386177

Cited by 12 publications

(5 citation statements)

References 77 publications

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“…The preference for strategic alliances has also been observed for other countries of the European periphery, such as Italy and Portugal, particularly after World War II. 92 Fourth, the stories of ITT and MSD reveal that business groups might act as catalysts for both local human capital and foreign capital and technology, as the literature on business groups in late industrializing countries shows. 93 The Urquijo Group mobilized contacts and managerial and technical professionals, while its foreign partners contributed the capital and technology needed to enter new and promising industries.…”

Section: Resultsmentioning

confidence: 99%

The Long-Term Effects of Foreign Investment on Local Human Capital: Four American Companies in Spain, 1920s–1970s

Puig¹,

Álvaro-Moya²

2018

Bus. Hist. Rev.

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This article explores the long-term effects of foreign direct investment on the human capital development of host economies, based on the historical analysis of the Spanish operations of four leading American firms: ITT, J. Walter Thompson, Merck Sharp & Dohme, and John Deere. Our research shows that the training and working practices of these companies had a positive impact on the Spanish subsidiaries in terms of technological upgrading and managerial development. However, the local context was also relevant, through mandatory agreements that empowered local partners from the start and the availability of locally educated professionals eager to absorb new knowledge.

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Section: Resultsmentioning

confidence: 99%

The Long-Term Effects of Foreign Investment on Local Human Capital: Four American Companies in Spain, 1920s–1970s

Puig¹,

Álvaro-Moya²

2018

Bus. Hist. Rev.

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“…Strategy was often devolved to the host country, especially before circa 1890. They typically followed a pattern where legal and financial headquarters were in the entrepreneur's home country and strategic headquarters in the host country (Hennart, 1986;Wilkins, 1988;Wilkins and Schröter, 1998;Cassis, 1992;Jones, 1993Jones, , 1998Jones, , 2000Lopes and Simões, 2017).…”

Section: The Entrepreneur In the Host Countrymentioning

confidence: 99%

Organizational innovation in the multinational enterprise: internalization theory and business history

Jones,

Lopes

2023

Global Business

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This research note engages in a methodological experiment by using historical evidence to challenge a common misperception about internalization theory. The theory has often been criticized for maintaining that it assumes a hierarchically organized MNE based on knowledge flowing from the home country. This is not an accurate description of how global firms operate in recent decades, but this note shows it has never been true historically. Using longitudinal data on individual firms from the nineteenth century onwards, it reveals evidence of how entrepreneurs and firms with multinational activity faced by market imperfections changed the design of their headquarters and their organizational structures.

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“…O primeiro foi assente com capital da empresa britânica Tanganyka Concessions, uma vez que se tratava de uma empreitada demasiado extensa (media cerca de 1,750 km) para os recursos financeiros de Portugal. A decisão foi recebida com preocupação em Portugal, onde se temia a perda da colónia para os poderosos interesses britânicos por detrás do concessionário, Robert Williams 61 . Já a linha da Beira foi concessionada pela Companhia de Moçambique, ela própria dominada pelo capital britânico da British South African Company, que forneceu também o financiamento para a constituição da Beira Railway e da Beira Junction 62 .…”

Section: A Construção Como Portal De Globalizaçãounclassified

Portais de globalização: portos e caminhos de ferro no contexto colonial português (c. 1870 – c. 1910)

Pereira

2019

RPH

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A partir de 1870 Portugal transferiu da metrópole para o ultramar um ambicioso programa de obras públicas influenciado pelas promessas saint‑simonistasde progresso e criação de civilizações de circulação, com as quais os engenheiros portugueses haviam contactado desde a década de 1820. Até às vésperas da I Guerra Mundial, milhares de quilómetros de linhas foram assentes através daqueles territórios, ligando‑os a portos vizinhos. O objetivo dos tecnocratas nacionais passava por fomentar a exploração colonial e aumentar o seu comércio externo, mas ao mesmo tempo, induzir um nacionalismo baseado na tecnologia e cimentar a soberania nacional nos seus domínios ultramarinos, cobiçados, na altura, por outras nações europeias mais poderosas. Neste artigo,proponho analisar esta retórica contraditória e estas infraestruturas coloniais como portais de globalização, entendidos como “aqueles lugares que têm sido centros de trocas mundiais ou comunicações globais, têm servido como pontos de entrada para transferências culturais e onde se desenvolveram instituições e práticas para lidar com as ligações globais”. Focar‑me‑ei em três momentos decisivos deste processe histórico (o processo de tomada de decisão, a construção e a operação) para analisar até que ponto a globalização (do comércio, know‑how e ideias) foi fomentada ou restringida.

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Foreign investment in Portugal and knowledge spillovers: From the Methuen Treaty to the 21st century

Cited by 12 publications

References 77 publications

The Long-Term Effects of Foreign Investment on Local Human Capital: Four American Companies in Spain, 1920s–1970s

The Long-Term Effects of Foreign Investment on Local Human Capital: Four American Companies in Spain, 1920s–1970s

Organizational innovation in the multinational enterprise: internalization theory and business history

Portais de globalização: portos e caminhos de ferro no contexto colonial português (c. 1870 – c. 1910)

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