Die Internationalisierung der Wirtschaft ist ein Phänomen unserer Zeit, das die Gesellschaft prägt und sich im täglichen Leben jedes Einzelnen niederschlägt. Auch in der akademischen Lehre beschäftigt sich eine Vielzahl von Studiengängen mit der Internationalisierung der Wirtschaft und...

Globalization has been hailed as removing the need for company location as an issue. However, there remains a strong tendency for some industries to form geographical clusters. This book examines the reasons for this trend

To serve foreign markets, firms can either export or set up a local subsidiary through horizontal Foreign Direct Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between countries is large, while exports become more important...

The paper extends the findings of Coe and Helpman (1995) model of R&D spillovers by considering foreign direct investment (FDI) as a channel for knowl- edge spillovers in addition to imports. Deeper insights on the issue are provided by examining inter-relationship between knowledge spillovers...