This collection of papers from the NIESR conference at the British Academy identifies the channels through which inward investment can affect host economies, and provides quantitative evidence on the extent to which inward investment has acted to shape the size and structure of industrialised economies over the last decade. Leading authors in the fields of international investment and the behaviour of national and multinational firms combine innovative methodologies and firm-level data to enable empirical evaluation of the impact of inward investment. Detailed studies of aspects of inward investment in the UK are put into context through a review of existing literature and by comparison of UK developments to those experienced by French, Italian, German and US economies.

MAGNUS BLOMSTRÖM Professor of Economics, Stockholm School of Economics; Research Associate, National Bureau of Economic Research (US) and Research Fellow, Centre for Economic Policy Research (UK) JOHN CANTWELL Professor of International Economics, University of Reading NIGEL DRIFFIELD Senior Lecturer, Birmingham Business School LIONEL FONTAGNÉ Professor of Economics, University of Paris 1 Pantheon-Sorbonne; Director of the Centre d'Études Prospectives et d'Informations Internationales (CEPII and adviser at the International Trade Center GARY GILLESPIE affiliated to the Fraser of Allander Institute, Department of Economics, University of Strathclyde SOURAFEL GIRMA Research Fellow, Centre for Globalisation and Labour Markets, University of Nottingham STEVEN GLOBERMAN Director, Center for International Business at Western Washington University DAVID GREENAWAY Professor of Economics, University of Nottingham FLORENCE HUBERT Research Officer, National Institute of Economic and Social Research SIMONA IAMMARINO Researcher, Italian Institute of Statistics and Senior Economist, Institute for International Affairs, Rome ARI KOKKO Professor of International Business, Abo Akademi University, Turku, Finland, and Research Associate at the European Institute of Japanese Studies, Stockholm PETER G. MCGREGOR affiliated to the Fraser of Allander Institute, Department of Economics, University of Strathclyde CAMILLA NOONAN Lecturer in International Business, Michael Smurfit Graduate School of Business, University College Dublin NICHOLAS OULTON Consultant to the Bank of England MICHAEL PAJOT affiliated to TEAM (Théorie et Applications en Microéconomie et Macroéconomie), University of Paris 1 Panthéon-Sorbonne NUNO SOUSA PhD student, Centre for Globalisation and Labour Markets, University of Nottingham J. KIM SWALES affiliated to the Fraser of Allander Institute, Department of Economics, University of Strathclyde KATHARINE WAKELIN Research Fellow, Centre for Globalisation and Labour Markets, University of Nottingham YA PING YIN affiliated to ESST, University of Hertfordshire Business School