American Firms Face Europe: 1992
The press and business magazines are filled with stories about a rush of American firms into the European Community to take advantage of, or avoid the adverse consequences of, the expected formation of a single market in 1992. Yet, it is hard o find evidence of a large shift in plant and equipment expenditures, employment, or financial investment toward the EC countries by American firms. The main reason seems to be that large American manufacturing firms are already well entrenched in the EC, and may even be better positioned to take advantage of the single market than most of their European rivals. The U.S. firms (unlike most Japanese companies) already supply almost all their share of the EC market from operations within the EC and depend very little on importing from the U.S. There is some indication of moves toward EC production by non-manufacturing operations such as distribution and services, by smaller companies, by those not now producing extensively in the EC, and by firms hoping to take part in public procurement.
|Date of creation:||Mar 1990|
|Date of revision:|
|Publication status:||published as U.S. - Japan Economic Forum, Vol. 1, edited by Martin Feldstein and Yutaka Kosai, pp. 9-32, (1990).|
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- Irving B. Kravis & Robert E. Lipsey, 1980.
"The Location of Overseas Production and Production for Export by U.S. Multinational Firms,"
NBER Working Papers
0482, National Bureau of Economic Research, Inc.
- Kravis, Irving B. & Lipsey, Robert E., 1982. "The location of overseas production and production for export by U.S. multinational firms," Journal of International Economics, Elsevier, vol. 12(3-4), pages 201-223, May.
- Ksenia Kulchycky & Robert E. Lipsey, 1984. "Host-Country Regulation and Other Determinants of Overseas Operations ofU.S. Motor Vehicle and Parts Companies," NBER Working Papers 1463, National Bureau of Economic Research, Inc.
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