Article ID: CBB449073033

The Long-Term Effects of Foreign Investment on Local Human Capital: Four American Companies in Spain, 1920s–1970s (Autumn 2018)

unapi

This article explores the long-term effects of foreign direct investment on the human capital development of host economies, based on the historical analysis of the Spanish operations of four leading American firms: ITT, J. Walter Thompson, Merck Sharp & Dohme, and John Deere. Our research shows that the training and working practices of these companies had a positive impact on the Spanish subsidiaries in terms of technological upgrading and managerial development. However, the local context was also relevant, through mandatory agreements that empowered local partners from the start and the availability of locally educated professionals eager to absorb new knowledge.

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https://data.isiscb.org/isis/citation/CBB449073033/

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Authors & Contributors
Grant, H. Roger
Link, Stefan
Edward F. Heite
Waterhouse, Benjamin C.
Scott, Peter
Swanberg, Jack W.
Concepts
Business history
Management; administration
Railroads
International Business corporations
Land transportation
Railroad station managers
Time Periods
20th century
19th century
21st century
20th century, late
Places
United States
France
Eastern Europe
Spain
Europe
Canada
Institutions
Penn Central Transportation Company
Railroad Development Corporation
W.H. Smith and Son
Marconi Española
General Motors Corporation
Ford Motor Company
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