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Multinational Firms

In: Palgrave Handbook of International Trade

Author

Listed:
  • James R. Markusen

    (University of Colorado
    University College Dublin)

Abstract

Traditionally, foreign direct investment (FDI) was viewed as part of the capital account and the macroeconomics side of international economics. However, while FDI remains an important topic in international macroeconomics, we now understand that multinational firms play a major role in the modern world and must be considered as a vital part of the real production side of international economics. The standard figure one hears is that the sales of foreign affiliates of multinational corporations is now about five times to the total value of world trade.

Suggested Citation

  • James R. Markusen, 2013. "Multinational Firms," Palgrave Macmillan Books, in: Daniel Bernhofen & Rod Falvey & David Greenaway & Udo Kreickemeier (ed.), Palgrave Handbook of International Trade, chapter 8, pages 236-262, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30531-1_8
    DOI: 10.1007/978-0-230-30531-1_8
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    Cited by:

    1. Andrzej Cieślik & Oleg Gurshev, 2023. "Factor Endowments, Economic Integration, Sanctions, and Offshores: Evidence from Inward FDI in Russia," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 65(4), pages 617-649, December.
    2. Andrzej Cieslik & Mahdi Ghodsi, 2021. "Economic sentiment indicators and foreign direct investment: Empirical evidence from European Union countries," International Economics, CEPII research center, issue 168, pages 56-75.
    3. Cieślik Andrzej, 2019. "Determinants of foreign direct investment from EU-15 Countries in Poland," Central European Economic Journal, Sciendo, vol. 6(53), pages 39-52, January.
    4. Gurshev Oleg, 2019. "What determines foreign direct investment in Russia?," Central European Economic Journal, Sciendo, vol. 53(6), pages 311-322, January.
    5. Arup Kumar Chattopadhyay & Debdas Rakshit & Payel Chatterjee & Ananya Paul, 2022. "Trends and Determinants of FDI with Implications of COVID-19 in BRICS," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 14(1), pages 43-59, January.

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