This paper investigates which factors determine a bank's decision to expand its activities abroad and what determines its choice of the countries to invest in. The empirical analysis is conducted using firm-level data on foreign subsidiaries for a representative sample fo nearly 2,500 OECD banks.

This paper investigates the effects of different degrees of wage setting centralisation on (1) the incentive of a MNE to locate in a host country, (2) the optimal level of investment it decides to commit to its foreign operation, and (3) the host country's welfare.

Typically, a small and open economy trades goods at given worl prices. Here, we present a model of a very open small economy, where capital and labor are internationally mobile, too. When targeting mobile capital ("FDI"), the economy's government attracts not only mobile capital but mobile...

This paper presents the results of a survey of Swedish multinationals conducted in 1999. The survey was carried out in order to update an existing database on Swedish manufacturing firms with producing foreign affiliates collected by the Research Institute of Industrial Economics (IUI). The...

This paper analyses the conditions for sino-Australian joint ventures, assesses those likely to be most suitable and retionalises the characteristics of existing joint ventures in the Peoples's Republic of China. Due to differing social systems and cultures between the West and the PRC Western...

This article examines union perceptions of multinationals and reviews evidence regarding the extent to which these perceptions were justified. The political and industrial compaigns waged by the union movement against multinational firms are also examined, logether with the success they achieved.

Non-transparency is a term given in this paper to a set of government policies that increase the risk and uncertainty faced by economic actors foreign investors. This increase in risk and uncertainty stems from the presence of bribery and corruption, unstable economic policies, weak and poorly...

Trade liberalization has proceeded on the assumption that eventual aggregate welfare gains will exceed the losses. While compensatory mechanisms exist in most countries, they tend to be underfunded and ineffective. To begin to address this problem, the direct beneficiaries from trade...

This review paper offers to the general reader some highlights about one of the most important trade negotiations followed within the Western Hemisphere. Especialised news and other government sources offer to the general public the state of the art of this ambitious negotiation scheme followed...

Knowledge, the multinational firm, and the free flow of financial capital seem to be the new and perhaps leading actors in the emerging 21st century global economy. From a comparative basis and relating this variables we attempt in this paper to study and explore what we consider are basic...