International Production and Economie Integration: Towards Economic Convergence
The process of real convergence in the EEC requires new strategies to be implemented both at macro and a micro level. At a microecomic level, real convergence is strictly related to the process of resource re-allocation among countries and sectors put forward by countries’ dynamic comparative advantages and by international technological competition among firms. Since multinational enterprises and foreign direct investment are considered strategies elements which operate in such environment, this paper mainly analyzes two issues. The first one is concerned with the relationship that at a theoretical level occurs between the process of regional integration and the types of foreign direct investment. The second issue regards the impact of foreign direct investment on both the static and dynamic comparative advantages of member countries.
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Volume (Year): 47 (1994)
Issue (Month): 4 ()
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