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The activities of multinational enterprises drive the economic globalization process to a very large degree. This paper … lists some facts about their dominant role in all channels of globalization. Therefore, the importance of multinational …' activities in the analysis of the globalization process. …
Persistent link: https://www.econbiz.de/10011476361
It has sometimes been argued that "globalization" benefits only a small number of countries, and that this leads to … greater marginalization of excluded countries. This paper argues that globalization is not necessarily biased towards greater …, marginalization is not intrinsic to globalization. …
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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...
Persistent link: https://www.econbiz.de/10011349345
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...
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