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Multinational Firms in the Theory of International Trade

In: Economics in a Changing World

Author

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  • Wilfred J. Ethier

    (University of Pennsylvania)

Abstract

The core of trade theory once consisted of several ideas embodied in a few ‘standard’ models — most notably the Heckscher—Ohlin—Samuelson model. Most active research applied, modified or extended these models. But, increasingly, the apparent implications of this theory have been dramatically contradicted by actual world commerce. This tension between theory and fact has driven most recent developments in the theory of international trade.

Suggested Citation

  • Wilfred J. Ethier, 1994. "Multinational Firms in the Theory of International Trade," International Economic Association Series, in: Edmar L. Bacha (ed.), Economics in a Changing World, chapter 1, pages 3-33, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-23458-5_1
    DOI: 10.1007/978-1-349-23458-5_1
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    Citations

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    Cited by:

    1. Greenaway, David & Lloyd, Peter & Milner, Chris, 2001. "New concepts and measures of the globalisation of production," Economics Letters, Elsevier, vol. 73(1), pages 57-63, October.
    2. Anjum Aqeel & Mohammed Nishat, 2004. "The Determinants of Foreign Direct Investment in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 43(4), pages 651-664.
    3. Wilfred J. Ethier & James R. Markusen, 2021. "Multinational firms, technology diffusion and trade," World Scientific Book Chapters, in: BROADENING TRADE THEORY Incorporating Market Realities into Traditional Models, chapter 7, pages 131-158, World Scientific Publishing Co. Pte. Ltd..
    4. P. Lloyd, 1998. "Globalisation and competition policies," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 134(2), pages 161-185, June.
    5. Rashmi Banga, 2003. "Impact of government policies and investment agreements on FDI inflows," Indian Council for Research on International Economic Relations, New Delhi Working Papers 116, Indian Council for Research on International Economic Relations, New Delhi, India.
    6. Deodhar, Satish Y. & Sheldon, Ian M., 1997. "Market Power In The World Market For Soymeal Exports," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(1), pages 1-9, July.
    7. Abbott, Philip, 1999. "Agricultural commodity production and trade: a trade economist's view on filling US food supply gaps," Food Policy, Elsevier, vol. 24(2-3), pages 181-195, May.
    8. Bishwanath Goldar & Rashmi Banga, 2007. "Impact of Trade Liberalization on Foreign Direct Investment in Indian Industries," Working Papers 3607, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    9. Likitwongkajon, Napaporn & Vithessonthi, Chaiporn, 2020. "Do foreign investments increase firm value and firm performance? Evidence from Japan," Research in International Business and Finance, Elsevier, vol. 51(C).
    10. Gaston, N., 2000. "Unions and the Decentralisation of Collective Bargaining in a Globalising World," ISER Discussion Paper 0495, Institute of Social and Economic Research, Osaka University.

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