Under present GATT-rules distortions caused by monopolies, cartels, excessive subsidies, etc. can only be counteracted indirectly at national borders. It is argued that by substituting first best competition policy measures at the origin of distortions for the present regime of second best...

The following remarks concentrate on an aspect of the relation between trade and factor movements, which has been neglected in the literature so far. It is the intertemporal dimension of factor movements, which in turn is closely linked to the relation between real and financial capital...

Die vorliegende Arbeit behandelt moderne Erklärungsansätze zur Entstehung oder Auflösung einer speziellen internationalen Institution: der Multinationalen Unternehmung. Eine Multinationale Unternehmung wird im wesentlichen als ein Mittel zur internationalen Bewegung von Produktionsfaktoren...