The international transactions accounts provide information on trade in goods and services (including the balance of payments and the balance of trade), investment income, and government and private financial flows. In addition, the accounts measure the value of U.S. international assets and...

This paper investigates the role of corporate taxation with respect to a multinational'sinvestment decision, in which the multinational can pursue either a direct or an indirectinvestment strategy. The latter involves at least three corporate entities and opens upenhanced opportunities for...

The fact that China is an increasingly attractive market and a magnet for foreigndirect investment is not news. The unprecedented rise of foreign direct investmentinto China – now running at over $60 billion a year – has created the largest array ofinternational mergers and acquisitions,...

In the last decade, the prospect of accession of Central and East European countries (CEECs) tothe European Union has given momentum to the discussion of their economic integration into theEU. Thus, academic studies have generally focused on variables at the macro level and areconducted in the...

The paper summarises some of the key findings of research on the macro and microeconomic effects of FDI, the impact of the MNCs on development, industrial and trade restructuring, and presents a first attempt to draw a map of industrial networks in Hungary. It answers the question whether the...

Japanese multinational companies (MNCs) have often been portrayed as highly centralised firms that limit the roles of overseas subsidiaries to the assembly and sale of standardised products designed and developed in Japan (see, e.g. Bartlett and Ghoshal, 1989: 51-2, 158-161). Their foreign...

This study focuses on the early stages of international innovation activities, i.e. theorganizational processes through which promising ideas from around the globe are collectedand evaluated. We ask: What characteristics make foreign knowledge interesting to domesticR&D managers? We envision...

We develop a model with two asymmetric countries. Firms choose the number andthe location of plants that they operate. The production of each firm increases whentrade costs fall. The fall also induces multinationals to repatriate their production intoa single country, which is likely to be the...

This paper discusses various ways of measuring corporate internationalisation. The concepts considered here became of crucial importance in the recent debate on globalisation, since many scholars link globalisation to a quantitative increase in the international activities of firms.(...)