Naoto Jinji, Xingyuan Zhang and Shoji Haruna (Eds), Deep Integration,
Global Firms, and Technology Spillovers, Springer Nature Singapore Pte
Ltd, Singapore, 2022. 196 pp., Open access, ISBN 978-981-16-5209-7.
International organisations like the IMF, the World Bank and the African Development
Fund have been promoting growth corridors as a tool for economic development for
many years, as have national governments (Dannenberg et al., 2018). The strategies
outlined in the World Economic Forum reports of 2009 and 2010, the World Bank’s
2009 World Development Report and the G20 report ‘The Compact with Africa’ have
increased the attention from national policymakers and international development
experts even further. Global firms are also increasingly acknowledged as significant
and unique businesses in the global economy (Dzikowski, 2018). Additionally, by
offering opportunities for expansion, they are acknowledged to be playing a signifi-
cant part in international diversification as a crucial strategic choice for both new
businesses and small- and medium-sized enterprises (Jiang et al., 2020). Furthermore,
as a result of this growth, more foreign direct investment (FDI) is welcomed, and
eventually, the positive impact is typically passed on through technology spillover,
increasing the investment in domestic industry (Canh et al., 2021).
This book examines the interactions between highly integrated regional econo-
mies, the operations of multinational corporations, and technological knowledge
transfer across borders. These three important elements each have a considerable
impact on the current state of the international economy, as do their relationships.
Particularly fascinating from both an academic and practical perspective are the
connections between multinational corporations and global technology spillover, as
well as the effects of deep integration on the latter. The book consists of eight chap-
ters covering the whole spectrum of themes from the introduction, trends in deep
integration, aspects of firm performance and globalisation mode, and trade patterns
and technology. Other thematic areas covered are FDI and international technology
spillover as well as regional trade agreements and technology spillover.
The introductory chapter provides a useful overview of the global economy
during the COVID-19 pandemic, but it also traces the rise of regionalism back to
the middle of the 1990s and examines how multinational enterprises (MNEs)
have globalised their operations as significant aspects of recent globalisation.
It also looks at interactions between these two aspects of globalisation and the
Foreign Trade Review
58(3) 455–457, 2023
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