Gual, Jordi; Martín, Carmela - C.E.P.R. Discussion Papers - 1994
-intensive industries, which will confront export displacement in third (EU) markets and some foreign direct investment (FDI) diversion … take place.The evolution of trade flows will, of course, be contingent upon developments in FDI. Most FDI in Spain in …, suppliers, and infrastructure). The comparatively small part of FDI which has been attracted by relatively low unit labour costs …