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We use a new firm level data set that establishes the location, ownership, and activity of 650,000 multinational subsidiaries -- close to a comprehensive picture of global multinational activity. A number of patterns emerge from the data. Most foreign direct investment (FDI) occurs between rich...
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Trade between the whole of Africa and China (imports and exports summed) grew from $10.6 billion to $73.3 billion … between 2000 and 2007, and between Sub-Saharan Africa and China from $7 billion to $59 billion over the same period. China is … now Africa's third largest trading partner behind the EU and the US. The Chinese FDI stock in Africa has grown from $49 …
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and firms in different countries. Motivated by the large share of the world's technology investments made by firms that …
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The gravity equation in international trade is one of the most robust empirical finding in economics: bilateral trade between two countries is proportional to size, measured by GDP, and inversely proportional to the geographic distance between them. While the role of size is well understood, the...
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restate bilateral investment positions to better reflect the true financial linkages connecting countries around the world. We … nearly 600 billion dollars, while China's official net creditor position to the rest of the world is overstated by about 50 …
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The explosion of multinational activities in recent decades is rapidly transforming the global landscape of industrial production. But are the emerging clusters of multinational production the rule or the exception? What drives the offshore agglomeration of multinational firms in comparison to...
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