In this paper, we develop a multi-country open economy extension of the famous Big Push model for a closed economy by Murphy et al. (1989). We show under which conditions the global economy in our model is caught in a poverty trap, characterised by a low-income equilibrium from which an escape...

Chapter 1: Introduction -- Chapter 2: MNEs and Multinational Corporate Governance -- Chapter 3: Theoretical Framework for Multinational Corporate Governance -- Chapter 4: Multinational Corporate Governance – A Network Governance Framework -- Chapter 5: Foreign Subsidiary Governance -- Chapter...