The paper analyses "intra-firm" trade in manufacturing, that is, the estimated one-third of world trade in manufactures which is transacted between affiliated parties. As firms realize the increasing potential for integrating their operations throughout the world, they are contributing to...

The present article tries to outline important development tendencies regarding the interntaionalization of business during the last twenty years, with focus on the consequences of globalization for Europe. In order to get across the location of foreign trade relationsships, chapter 2 recalls...

The empirical relevance of the Heckscher-Ohlin "factor abundance" theorem of international trade has been the subject of many studies, beginning with the pioneering one of Leontief (1953). Accordingly, relative factor endowments should affect observed trade patterns. The principle purpose of...

The internationalization of production has increased enormously during the last decades. Simultaneously, the rate of intra-firm trade has grown rapidly. Unfortunately, research in the context of intra-firm trade is still very scarce. Although, most economists agree upon the fact that there exist...

In the course of globalization and occupational crisis, multinational enterprises are increasingly in the spotlight of public interest. Issues as "Who are the big industrial employers in Germany? Where are they doing their business today? Where do they invest nowadays and where will they make...

The key to success is to institutionalise integrative thinking in your organization and among employees within co-operative yet highly competitive environments. Therefore, the next section of this paper lays out a general discussion of globalisation versus internationalisation in which an...

The purpose of this study is to find reasonable explanations why cross-border acquisitions of foreign firms are often the preferred strategy to enter new markets. Furthermore, we formalize the choice of market entry strategy for an individual multinational enterprise (MNE) from a dynamic...

One of the major economic developments in the world of the last decade has been the complementary globalization of production and the rapid development of information and communication technology as exhibited through the emergence of the Internet. The preliminary analysis presented here is...

A key feature of globalisation is the increasingly important role of Multinational Enterprises (MNEs) as vehicles for Foreign Direct Investment (FDI). Economic Theory recognises that MNEs can benefit from economic growth in developing countries through generating positive externalities...

Up to date any kind of hedge fund was legally forbidden in Germany. Likewise, the public distribution of shares in foreign hedge funds was prohibited within the framework of the so called 'Auslandsinvestitionsgesetz' (AuslInvestmG). In March 2004, it was 'DWS Investment' (the investment company...