Multinational Enterprises, International Investments and Transfers of Technology: the Elements of an Integrated Approach
The controversies between the authors who put forward the initial proposals for an integrated summary of the debates on trade and investment have centred on the incorporation of comparative advantage in the analysis of international investments. It is this element which we want to build into our integrated analysis. This is not a question of finding a halfway house between the approaches of Dunning (1981) and Kojima (1978). It seems necessary to go beyond these analyses and propose a new combination of the various types of advantage, built around the notions of the comparative advantage of the country and the competitive advantage of the firm.