Rules for Border-Crossing Factor Movements
AbstractThis paper analyzes rules for international factor movements, i.e. real capital flows together with the relocation of firms, the flow of technology and the migration of people. These rules have to make sure that individuals, individual countries as well as the world economy benefit from factor flows. They also define whether factors are accumulated, for instance whether new technology is found. Except for TRIMS, an international investment code has not been established. Conventions have been introduced to ease patent applications. TRIPS protects intellectual property. Rules for labor migration relate to the right of exit and to conditions of entry. Factor movements are interdependent among themselves and with trade. This implies a pecking order between trade, capital flows and migration.
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Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1381.
Length: 25 pages
Date of creation: Oct 2007
Date of revision:
International rules; institutional arrangements; capital flows; technology; patents; intellectual property rights; migration; pecking order between trade and factor flows;
Find related papers by JEL classification:
- F2 - International Economics - - International Factor Movements and International Business
- K - Law and Economics
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
- P - Economic Systems
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-10-13 (All new papers)
- NEP-INT-2007-10-13 (International Trade)
- NEP-LAW-2007-10-13 (Law & Economics)
- NEP-MIG-2007-10-13 (Economics of Human Migration)
- NEP-REG-2007-10-13 (Regulation)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Horst Siebert, 2006. "Locational Competition: A Neglected Paradigm in the International Division of Labour," The World Economy, Wiley Blackwell, Wiley Blackwell, vol. 29(2), pages 137-159, 02.
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