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China was a major player in the rise of global imbalances in the mid-2000s. If its overall trade surplus has decreased since 2007, its bilateral surpluses with the U.S. and Europe remain quite large. China’s import demand has mainly benefited to its Asian neighbors and to raw material...
Persistent link: https://www.econbiz.de/10010606869
This paper examines the relationship between agglomeration economies and relative wage costs in influencing location of … of labor is low increased costs can be expected to deter additional inflows of firms, albeit agglomeration economies may … in wage cost across industrialized countries, but also that agglomeration economies related to knowledge externalities …
Persistent link: https://www.econbiz.de/10012953321
Persistent link: https://www.econbiz.de/10005048582
and even small relative concerns destabilize the full agglomeration equilibrium, which is stable in the Krugman model. …
Persistent link: https://www.econbiz.de/10011123979
Among emerging economies, the Russian Federation is the second largest outward investor, surpassed only by China, but ahead of Brazil, India and South Africa. Alongside other multinationals from BRICS countries, TNCs from Russia started to emerge in the international rankings of global...
Persistent link: https://www.econbiz.de/10011195767
The increasing trend towards services offshoring during the last decade and its wide-ranging consequences for the international division of labour placed services globalisation and the associated topic of competitiveness into the forefront of debates on international trade. Despite focusing...
Persistent link: https://www.econbiz.de/10011145141
and internationalization choices, namely trade and foreign di-rect investments (FDI) for a large sample of countries and … internationalize in for-eign markets through both trade and FDI. Moreover, the relative impact of average productivity and firm size on … FDI is larger than that on trade. These results are robust to different measures of prod-uctivity and the distribution of …
Persistent link: https://www.econbiz.de/10010640987
Persistent link: https://www.econbiz.de/10001607042
The literature on the internationalisation of firms has paid little attention to SMEs. SME-oriented studies are predominantly descriptive or illustrating theoretical arguments, and those dealing with services are mostly confined to specific industries. The paper aims at correcting some of these...
Persistent link: https://www.econbiz.de/10001767816
Western firms locating in China face a business environment that differs from their home country environment. The differences increase uncertainties and are negative for economic performance. However, firms may differ in their ability to overcome the difficulties, depending on their previous...
Persistent link: https://www.econbiz.de/10005419290