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Multinationals and trade - trading multinationals - the example of Hungary and the USA

Author

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  • Andea Elteto

    (Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences)

  • Sugimoto Shoshichi

Abstract

This paper seeks to shed light on the characteristics of the world trade structure that have evolved since the 1960s. This calls for an examination of the international trade in goods, conducted by multinational and transnational corporations, which reveals that it is no longer appropriate to analyse international trade solely in terms of the traditional comparative-advantage theory. This inquiry is based on data from US corporations, as they constitute the core of the modern multinational corporations. It is important to look at the degree to which a multinational company has attained globalization, since this facilitates understanding of the company’s development stage as well as its integration into the world economy.

Suggested Citation

  • Andea Elteto & Sugimoto Shoshichi, 2001. "Multinationals and trade - trading multinationals - the example of Hungary and the USA," IWE Working Papers 117, Institute for World Economics - Centre for Economic and Regional Studies.
    • Handle: RePEc:iwe:workpr:117
    as

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    File URL: https://vgi.krtk.hu/publikacio/no-117-2001-06/
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    References listed on IDEAS

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