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Globalization of the World Economy: What Happened in 1985?

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dc.creator Kleinert, Jörn
dc.date 2000
dc.date.accessioned 2013-10-16T06:57:22Z
dc.date.available 2013-10-16T06:57:22Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17906
dc.identifier ppn:311586899
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17906
dc.description This paper brings forward a three-country model to analyze the internationalization process in the age of globalization. It is shown that investment of one company increases not only the incentive to invest in another country for every national competitor but for third country?s companies as well. That results from the adjustment of the host country?s companies which react to their shrinking market share by reducing output and raising the price of their goods. Some host country?s companies exit the market. The results are used to explain the surge of foreign direct investment since the mid-1980s.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 969
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F12
dc.subject F21
dc.subject F23
dc.subject ddc:330
dc.subject general equilibrium
dc.subject globalization
dc.subject multinational enterprises
dc.subject Direktinvestition
dc.subject Multinationales Unternehmen
dc.subject Globalisierung
dc.subject Standorttheorie
dc.subject Mehr-Länder-Modell
dc.subject Mehr-Sektoren-Modell
dc.subject Allgemeines Gleichgewicht
dc.subject Theorie
dc.title Globalization of the World Economy: What Happened in 1985?
dc.type doc-type:workingPaper


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