During the past decades, globalisation in all of its facets dominated many controversial debates of political leaders and common citizens and called the predominant attention of the international press and the scientific community. A major phenomenon in this context is the ongoing...

The last three decades have witnessed a spectacular integration of the world economy. On the one hand, the impact of the globalization on the economies is related to the activity of firms operating on a "multi-national" scale. These firms acquire subsidiaries abroad, move part of their...