The emergence of an integrated European market will provide new opportunities and new challenges to firms operating in the international arena. This volume addresses some timely issues concerning the "new" European market, with a focus on the multinational corporation and foreign direct investment. The topics addressed in this volume include the multinational corporation and global trade, exchange rate pass-through and the international pattern of production, the macroeconomic determinants of foreign direct investment, the interrelationship between technology and multinationals, foreign direct investment in Eastern Europe, foreign direct investment in Germany, Europeanintegration and multinational activity in the European Community, and the behavior of Japanese multinationals in Europe and in the United States.

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