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Patterns of International Investment in Spain, 1850–2005

  • Núria Puig (a1) and Rafael Castro (a2)

International capital flows are strongly influenced by countryspecific patterns that can be best understood in historical and comparative perspective. A long-term empirical analysis of French and German investment in Spain reveals that the core capabilities of foreign fi rms and their relations with local partners have spurred the rise and development of two national models of international investment, characterized here as “political” and “technical.” The research identifies the main actors and the ownership advantages of the two models that have proved to be so resilient over time.

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Peter J. Buckley and Mark Casson , The Future of the Multinational Enterprise (London, 1976)

Colin Heywood , The Development of the French Economy, 1750–1914 (New York, 1995)

Harm G. Schröter , “Cartels as a Form of Concentration in Industry: The Example of the International Dyestuffs Cartel from 1927 to 1939,” in German Yearbook on Business History 1988 (Berlin, 1990), 113–44;

Christian Leitz , Economic Relations between Nazi Germany and Franco's Spain, 1936–1945 (Oxford, U.K., 1996)

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Business History Review
  • ISSN: 0007-6805
  • EISSN: 2044-768X
  • URL: /core/journals/business-history-review
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