This PhD project focuses on the interaction between internationalisation strategies of multinational enterprises (MNEs) and host government policies in developing countries; and the impact of that interaction on economic growth and sustainable development. Specific attention is given to the question whether variation in internationalisation strategies of MNE (e.g. by country of origin of the MNE) results in different types of investment. For example, investments may differ according to mode of entry (greenfield versus acquisition), sector, and the activities conducted (such as parts manufacturing, assembly, R&D, distribution or financial services). Differences in the development impact of these various types of investment are explored, as well as the extent to which host government policy can influence the modalities of these investments.