For two centuries, multinational enterprises (MNEs) have arrived in waves on Australia's shores. Highly visible and influential household names among them – Ford, IBM, Kodak, Electrolux, ANZ – but also many smaller, lesser-known enterprises. Foreign MNEs in Australia today account for almost half of our top 2,000 firms and control over A$1.4 trillion of assets. There is much we do not understand about these important institutions, why they chose to invest here, how they entered, and why some firms survived for long periods, while others exited.
The history of MNEs, more than most topics, is inextricably connected to international experience. Across half a century of research, their history has emerged as a vibrant field of investigation in North America, Europe, and, increasingly, Asia. MNE activity in Australia, briefly referenced in some of these studies, formed an important part of the global presence of many firms. This is the first history of foreign MNEs in twentieth-century Australia, filling a major gap in the economic and business history literature of Australia and of the history of international business globally. It integrates the important and distinctive Australian experience with an extensive international and comparative scholarship on big business and MNEs.