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...

Nationale rechtliche Rahmenbedingungen beeinflussen die Möglichkeiten für wirtschaftliche Aktivitäten multinationaler Unternehmen (MNU) in einem Gastland und der Koordination zwischen den Unternehmensteilen in verschiedenen Ländern. Sie sind damit wichtige Bestimmungsfaktoren für...

This paper considers competition between two multinationals (U, J) who compete in a third market (K).The multinationals have similar cost structures, but differ in that J comes from a country that is “culturallysimilar” to K, and hence produces products that match more closely the...

We analyze the cross-national distribution of GDP per capita and its evolutionfrom 1970 to 2003. We argue that peaks are not a suitable measure for distinctgrowth regimes, because the number of peaks is not invariant under strictlymonotonic transformations of the data (e.g. original vs. log...

Dieser Artikel beleuchtet aus einer wirtschaftsethischen Perspektive, wie Globalisierung im öffentlichen Diskurs wahrgenommen wird und wie sie stattdessen wahrgenommen werden müsste, um die mit Globalisierung verbundenen Chancen und Risiken richtig einschätzen zu können. Die Hauptaussagen...

The information and communications revolution has hastened the process of globalizationin today's world of business. Consequently, businesses, even small and mid-sized companies,are confronted with cultural diversity when these companies become internationally active.Yet only few businesses are...

This paper argues that globalization has led to a shift in developed countries from an industrial to an entrepreneurial model of production. Globalization is interpreted as a level shock in the supply of unskilled labor to the world economy, a decrease in the level of political risk associated...

Global liquidity expansion has been very dynamic since 2001. Contrary to conventionalwisdom, high money growth rates have not coincided with a concurrent rise in goodsprices. At the same time, however, asset prices have increased sharply, significantlyoutpacing the subdued development in...