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Long-term trends in international production

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  • Zimny, Zbigniew

    ()
    (United Nations Conference on Trade and Development)

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    Abstract

    This paper describes long-term trends in international production, i.e. the production of goods and services that is under the governance of transnational corporations - either through foreign direct investment (FDI) or non-equity arrangements. It recounts the rapid growth in international production, the increasing importance of non-equity arrangements, and the shift towards services. The paper then examines the geography of FDI, emphasising that EU countries have emerged as a major source and destination of FDI - a process shaped considerably by EU integration. New EU members from Central and Eastern Europe received substantial FDI inflows in the transition from plan to market. Recognising FDI opportunities that emerged for these countries from regional integration, the paper takes a cautionary stance as to whether these countries can expect increased FDI inflows following EU accession.

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    File URL: http://www.eib.org/attachments/efs/eibpapers/eibpapers_2004_v09_n01_en.pdf#page=24
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    Bibliographic Info

    Paper provided by European Investment Bank, Economics Department in its series EIB Papers with number 2/2004.

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    Length: 26 pages
    Date of creation: 18 Jun 2004
    Date of revision:
    Handle: RePEc:ris:eibpap:2004_002

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    Related research

    Keywords: foreign direct investment; EU integration;

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    1. Magnus Blomstrom & Ari Kokko, 1997. "Regional Integration and Foreign Direct Investment," NBER Working Papers 6019, National Bureau of Economic Research, Inc.
    2. John H. Dunning, 1997. "The European Internal Market Programme and Inbound Foreign Direct Investment," Journal of Common Market Studies, Wiley Blackwell, Wiley Blackwell, vol. 35(1), pages 1-30, 03.
    3. John H. Dunning, 1997. "The European Internal Market Programme and Inbound Foreign Direct Investment," Journal of Common Market Studies, Wiley Blackwell, Wiley Blackwell, vol. 35(2), pages 189-223, 06.
    4. George N. Yannopoulos, 1990. "Foreign Direct Investment and European Integration: The Evidence from the Formative Years of the European Community," Journal of Common Market Studies, Wiley Blackwell, Wiley Blackwell, vol. 28(3), pages 235-259, 03.
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