North-south Direct Investment in the European Communities: The Employment Impact of Direct Investment By British, French and German Multinationals in Greece, Portugal and Spain

The impact of multinational firms in the expanding European Communities is enormous.

Firms from the richer north are establishing production facilities in the south in order to penetrate markets, use cheaper labour and gain access to raw materials.

This book examines the outcome of this intra-EC investment in terms of its impact on employment in home and host countries and the EC as a whole.

Three new entrants are examined: Greece, Portugal and Spain.

Their economic conditions, legislation and stock of foreign investment are examined.

Policy conclusions are drawn for the multinationals themselves, for home and host countries and for the EC as a whole.