International Trade, FDI, and the Austrian School of Economic Thought
AbstractInternational trade has been a key area of concern for businesses. The recent technological advancements have enabled the development of a global market place through which transactions can be carried out across wide geographical coverage. This has reduced the world¡¯s individual markets into an integrated global village. The spread of businesses outside their local boundaries through foreign direct investment has been mainly enhanced by the desire to satisfy the consumers¡¯ needs thus achieving the requirements of the Austrian Economic School of Thought. The development of international trade has caused an overall rise in the rate of economic growth.
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Bibliographic InfoArticle provided by Ottawa United Learning Academy in its journal Transnational Corporations Review.
Volume (Year): 4 (2012)
Issue (Month): 4 (December)
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Globalization; international trade; economic integration; international investment; growth and productivity; Austrian School;
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