Die Automobilindustrie steht vor großen Umbrüchen. Die Kosten steigen stetig, und die großen deutschen Autokonzerne kündigen längerfristige, massive Sparprogramme an. Ferdinand Dudenhöffer, CAR-Center Automotive Research an der Universität Duisburg-Essen, geht davon aus, dass die...

In contemporary economy foreign direct investment (FDI) have become significant component of global economic circuit because they have seen higher growth rates compared to world trade and the last two decades of XX century and the beginning of XXI was a source to climb in developing countries....

This paper explains determinants of FDI levels in Bulgaria by comparing cluster theory and traditional theories of international production. The results obtained may add another perspective on future development of entrepreneurship in Bulgaria and other transition economies. The research...

The present article analyses the impact of an integrated international production system on the quantity and quality of employment, human resource development and, more generally, to the organization of work. As created assets have become more and more important in international competitiveness,...

In a two-country duopoly model with integrated product markets, this paper investigates the incentives for unions to coordinate wage demands in the presence of transaction costs, and the sustainability of unions' wage collusion. Contrary to conventional wisdom that wage collusion is always...

In this paper we analyse the process of the accelerated growth of the investments by the transnational corporations since the 70s, most of which (almost 90%) are mergers and cross-border purchases. These strategies predominately orientate towards the market, together with the benefit of salary...

China’s economic pathway subsequent to 1978 is the greatest and most spectacular catching-up process ever succeded in the hystory of development. This country’s unprecedented race to regain the statute of a great economic power - lost in the 19th century, against the backdrop of the western...

Key aspects in economic integrated areas like the EU are both the internationalization of productive activities, which usually occurs in unionized countries, and the ongoing process of labor market integration. In a symmetric two-country duopoly model with integrated product markets, this paper...

One of the theories widely discussed and used to explain the phenomenon of international production is the “eclectic paradigm” put forward by John Dunning. In this research note, some aspect of this theory/paradigm will be critically assessed or pointed to: the difficult and elusive jargon;...

In this paper we consider a multinational firm under exchange rate risk in a multiperiod model. We analyze the impact of exchange rate uncertainty and the use of currency futures on the risk-averse firm's decisions about home and foreign production. Without any markets for hedging an increase in...