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Foreign invested enterprises and economic development: The case of China

This paper tries to further the understanding of subsidiary management, role and strategy, by specifically examining an un(der)explored dimension, i.e., the relationship between the multinational subsidiary and the developing host country, in particular China. This paper acknowledges that subsidiaries vary in their contributory role to the multinational system, based on head office assignment, subsidiary choice and host country environment. Instead of adopting the usual simplifying assumption that the host country environment is more or less given, or even that subsidiaries are seen as tapping into or drawing from the host country environment, subsidiaries are seen and analysed as contributors to the local economy. Based on host localisation, global integration and group responsiveness, a three dimensional model at the subsidiary level is developed to assess the economic impact on the host country for different clusters of companies, especially in terms of linkages, and research and development.