lec12-eco101-11

lec12-eco101-11 - InternationalTrade Lecture12 c...

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Unformatted text preview: InternationalTrade Lecture12 c Marc-AndreasMuendler UniversityofCalifornia,SanDiego November3,2011 12.MultinationalProduction Econ101, c M.Muendler InternationalIntegrationofProduction UNCTAD(2002): WorldInvestmentReport Multinationalenterprises,MNE(Transnationalcorporations,TNC) ShareofValueAddedinWorldGDP 1990 2000 Top10multinationalenterprises 1.0 0.9 Top20multinationalenterprises 1.8 1.5 Top50multinationalenterprises 2.9 2.8 Top100multinationalenterprises 3.5 4.3 UNCTAD(2002) Roughlyonethirdofworldtrademightbeintra-firmtrade 43percentofUSimportswithinmultinationalfirms (Zeile1997) 12.MultinationalProduction Econ101, c M.Muendler WorldFDIOutflows,MerchandizeExportsandProduction I n d e x ( 1 9 8 5 = 1 ) Year World FDI outflows World Merchandise Exports World Merchandise Production 1985 1988 1990 1992 1994 1996 1998 2000 2002 1 2 4 8 12 16 20 Sources :UNCTADandWTO,November2003 12.MultinationalProduction Econ101, c M.Muendler U.S.TradebyMultinationalEnterprises Source :Bernard,Jensen&Schott(2009),U.S.census1993and2000. Note : Relatedparty tradeistradebetweenU.S.firmsandtheirforeignsubsidiariesaswellastrade betweenU.S.subsidiariesofforeignfirmsandtheirforeignaffiliates.Forexports(imports),firms arerelatedifeitherpartyowns,directlyorindirectly,10(6)percentormoreoftheotherparty. 12.MultinationalProduction Econ101, c M.Muendler ExportsbyFirmType Source :Bernard,Jensen&Schott(2009),U.S.census1993and2000. Note : Relatedparty tradeistradebetweenU.S.firmsandtheirforeignsubsidiariesaswellastrade betweenU.S.subsidiariesofforeignfirmsandtheirforeignaffiliates.Forexports(imports),firms arerelatedifeitherpartyowns,directlyorindirectly,10(6)percentormoreoftheotherparty. 12.MultinationalProduction Econ101, c M.Muendler ForeignDirectInvestmentandOutsourcing Foreigndirectinvestment(FDI) Internationalcapitalflowstoforeignsubsidiaries Transferofresources and acquisitionofcontrol Cross-borderoutsourcingtoindependentforeignfirms Internationalcontractualarrangementswithindependentfirms Nodirectcontrol,likelyretentionofresourcesandcoreactivities atheadquarters 12.MultinationalProduction12....
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This note was uploaded on 01/30/2012 for the course ECON 101 taught by Professor Jacobson during the Fall '03 term at UCSD.

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lec12-eco101-11 - InternationalTrade Lecture12 c...

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