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International Trade, FDI, and the Austrian School of Economic Thought

Author

Listed:
  • Myriam J. Maier

    (UGSM- Monarch Business School Switzerland)

  • Dimitrios N. Koumparoulis

    (UGSM- Monarch Business School Switzerland)

Abstract

International 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.

Suggested Citation

  • Myriam J. Maier & Dimitrios N. Koumparoulis, 2012. "International Trade, FDI, and the Austrian School of Economic Thought," Transnational Corporations Review, Ottawa United Learning Academy, vol. 4(4), pages 76-84, December.
    • Handle: RePEc:oul:tncr09:v:4:y:2012:i:4:p:76-84
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