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Rules for border-crossing factor movements

Author

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  • Siebert, Horst

Abstract

This paper analyzes rules for international factor movements, i.e. real capital flows together with the relocation of firms, the flow of technology and the migration of people. These rules have to make sure that individuals, individual countries as well as the world economy benefit from factor flows. They also define whether factors are accumulated, for instance whether new technology is found. Except for TRIMS, an international investment code has not been established. Conventions have been introduced to ease patent applications. TRIPS protects intellectual property. Rules for labor migration relate to the right of exit and to conditions of entry. Factor movements are interdependent among themselves and with trade. This implies a pecking order between trade, capital flows and migration.

Suggested Citation

  • Siebert, Horst, 2007. "Rules for border-crossing factor movements," Kiel Working Papers 1381, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:1381
    as

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    File URL: https://www.econstor.eu/bitstream/10419/4077/1/kap1381.pdf
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    References listed on IDEAS

    as
    1. Horst Siebert, 2006. "Locational Competition: A Neglected Paradigm in the International Division of Labour," The World Economy, Wiley Blackwell, vol. 29(2), pages 137-159, February.
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    More about this item

    Keywords

    Capital flows; Technology; Patents; Intellectual property rights; Migration; Institutional arrangements; International rules;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • K - Law and Economics
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • P - Political Economy and Comparative Economic Systems

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