Internationalized Production in World Output
AbstractInternationalized production, that is, production by multinational firms outside their home countries has increased over the last two decades, but it was still, in 1990, only about 7 percent of world output. The share was higher, at 15 percent in 'industry,' including manufacturing, trade, construction, and public utilities, but it was negligible in 'services,' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars, international organizations, and the press, these numbers are a reminder of how large a proportion of economic activity is confined to single geographical locations and home country ownership. Internationalization of production is clearly growing in importance, but the vast majority of production is still carried out by national producers within their own borders.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 5385.
Date of creation: Apr 2000
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Publication status: published as Robert E. Lipsey, Magnus Blomstrom, Eric D. Ramstetter. "Internationalized Production in World Output ," in Robert E. Baldwin, Robert E. Lipsey and J. David Richards, editors, "Geography and Ownership as Bases for Economic Accounting" University of Chicago Press (1998)
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Other versions of this item:
- F20 - International Economics - - International Factor Movements and International Business - - - General
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
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