期刊名称：HIER Discussion Paper Series / Harvard Institute of Economic Research
出版年度：2006
卷号：2006
出版社：Harvard Institute of Economic Research
摘要：New developments in the world economy have triggered research designed to better
understand the changes in trade and investment patterns, and the reorganization
of production across national borders. Although traditional trade theory has
much to offer in explaining parts of this puzzle, other parts required new
approaches. Particularly acute has been the need to model alternative forms of
involvement of business firms in foreign activities, because organizational
change has been central in the transformation of the world economy. This paper
reviews the literature that has emerged from these efforts. The theoretical
refinements have focused on the individual firm, studying its choices in
response to its own characteristics, the nature of the industry in which it
operates, and the opportunities afforded by foreign trade and investment.
Important among these choices are organizational features, such as sourcing
strategies. But the theory has gone beyond the individual firm, studying the
implications of firm behavior for the structure of industries. It provides new
explanations for trade structure and patterns of FDI, both within and across
industries, and has identified new sources of comparative advantage.
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