Foreign investment in Portugal and knowledge spillovers: From the Methuen Treaty to the 21st century
研究了300年间外国直接投资对葡萄牙企业能力、产业竞争力和长期经济发展的影响，提出知识溢出类型框架，发现影响从封闭走向互动，促进了本地学习。
This article looks at the impact of foreign direct investment (FDI) on host-country firms’ capabilities, industry competitiveness and long-term economic development. Focussing on the case of Portugal over a period of 300 years, it develops a framework of the types of knowledge spillovers, based on the behaviour of, and interactions between, foreign investors and local players. This study argues that the impact of FDI in Portugal has evolved in stages, from closed to interactive approaches, increasing the learning by local players. These ultimately lead to the long-term upgrade of firms’ capabilities, industry competitiveness and host-country economic development.