Magnus Blomström has been a professor of economics at the Stockholm School of Economics since 1990 and president of the European Institute of Japanese Studies, Stockholm School of Economics since 1997. He was an assistant professor in the department of economics, University of Gothenburg (1985–87) and a research fellow at the Institute for International Economic Studies, University of Stockholm (1982–84). He is a research associate at the National Bureau of Economic Research and research fellow at the Centre of Economic Policy Research. He is coauthor or coeditor of Does Foreign Direct Investment Promote Development? (Institute for International Economics, 2005), Scandinavia and the EU (Stockholm: SNS Förlag, 1994; in Swedish), Foreign Direct Investment: Firm and Host Country Strategies (MacMillan, 2000), Topics in Empirical International Economics: A Festschrift in Honor of Robert Lipsey (Chicago University Press, forthcoming), and Japan's New Economy: Continuity and Change in the 21st Century (Oxford University Press, forthcoming).