Conference jointly sponsored with the CEPR. The program committee included Giorgio Barba-Navaretti (Universita Bocconi, Milan), Antonio Cabrales (UPF), and Anthony Venables (London School of Economics).

The purpose of this workshop was to extend the analysis of multinational corporations (MNCs), examining the economic impact of MNCs and Foreign Direct Investment on the home and the host countries, and exploring both national and international policy implications. A first group of papers explored the determinants, both empirical and theoretical, of the FDI decision. A second group of papers studied FDI as a source of technological diffusion. They were all empirical. A final group of papers investigated competitive aspects of FDI and multinational firms.