Choosing between foreign investment and subcontracting: Strategies of Italian firms in Romania
Vertical disintegration in most industries and the globalization of markets has led to significant changes in the pattern of international division of labour among manufacturing firms. At the same time increased competition from low cost producers, exchange rate constraints, the opening up of CEE countries have had huge consequences for the Italian industrial system. This paper deals with the Veneto footwear, furniture and refrigeraion industries and examines the effects of foreign direct investments and subcontracting in Romania. The reorganization of the division of labour, in the most dynamic suppliers induced a change in the “nature of subcontracting”, upgrading along the ladder of the value chain as more and more operations are offshored.
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- Florentina Constantin & Giovanna Giusti & Giuseppe Tattara, 2010.
"Strategies of Italian Firms in Romania: Evidence from Selected Case Studies,"
Transition Studies Review,
Springer;Central Eastern European University Network (CEEUN), vol. 16(4), pages 829-847, February.
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- Rosa Forte & António Brandão, 2005. "Choosing between Foreign Direct Investment and International Subcontracting. A Model of a Multinational Firm's Decision in a Context of Moral Hazard," CEF.UP Working Papers 0506, Universidade do Porto, Faculdade de Economia do Porto. Full references (including those not matched with items on IDEAS)
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