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Localisation industrielle et structure du capital international

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  • Dominique Namur

Abstract

[eng] Industrial geography and international equity sharing structure . The global productive system is studied through both approaches : the geographical production distribution, on the one hand, and the international equity sharing structure, on the other hand. The first one deals with the industrial decline of advanced countries, typically G7 countries, compared to emerging countries. The second one consists in analyzing financial integration through international equity flows. Articulation of both approaches rests on productive capacities transfer, through either direct investment or indirect financial control. We show that, as a general result, emerging countries which increase their industrial capacity tend to receive direct investments while more advanced countries, which maintain their capacity, tend to interact through reciprocal portfolio investments flows. A less open economy leads to a more variable and transitory development. . Classification JEL : F15, F21, F36, L16, O14, O57 [fre] L’architecture du système productif mondial est étudiée sous le double aspect de la répartition géographique de la production et de la structure de l’actionnariat international. Le premier s’intéresse au déclin industriel relatif des pays avancés, typiquement le G7, face à la montée des pays émergents. Le second aborde l’intégration financière à travers la structure des flux d’actions internationaux. Leur articulation repose sur le transfert des capacités productives, soit sous forme d’investissements directs, soit par un contrôle financier indirect des capacités étrangères. Globalement, les émergents qui augmentent leur capacité industrielle accueillent des investissements productifs étrangers, alors que les pays industrialisés qui la maintiennent acceptent, au moins, une interdépendance financière entre eux. Le succès du développement autocentré semble plus variable et transitoire. . Classification JEL : F15, F21, F36, L16, O14, O57

Suggested Citation

  • Dominique Namur, 2007. "Localisation industrielle et structure du capital international," Revue d'Économie Financière, Programme National Persée, vol. 90(4), pages 23-34.
  • Handle: RePEc:prs:recofi:ecofi_0987-3368_2007_num_90_4_4399
    Note: DOI:10.3406/ecofi.2007.4399
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    File URL: https://www.persee.fr/doc/ecofi_0987-3368_2007_num_90_4_4399
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    References listed on IDEAS

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    1. Karen Helen Midelfart-Knarvik & Henry G. Overman & Stephen Redding & Anthony J. Venables, 2002. "Integration and Industrial. Specialisation in the European Union," Revue économique, Presses de Sciences-Po, vol. 53(3), pages 469-481.
    2. Bricongne, J-C. & Poulain, J-G., 2006. "Les statistiques financières permettent-elles d’appréhender les évolutions liées à la mondialisation ?," Bulletin de la Banque de France, Banque de France, issue 156, pages 49-62.
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    More about this item

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • F15 - International Economics - - Trade - - - Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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