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Market Globalization by Firms from Emerging Markets and Small Countries: an Application of the Neoclassical Trade Model

dc.contributor.authorAgmon, Tamiren_US
dc.date.accessioned2009-11-17T17:04:15Z
dc.date.available2009-11-17T17:04:15Z
dc.date.issued2009-07-01en_US
dc.identifier.otherRePEc:wdi:papers:2009-963en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/64430en_US
dc.description.abstractThe changes in globalization and in the world of international business make it necessary to rethink the basic model of the economics of international business. For most of the 2nd half of the 20th centuryinternational business was about how large companies in the developed countries increase their valuevia international business activities. Not surprisingly the research in the economics of international business from Caves, Kindleberger, and Hymer to Buckley and Casson, Dunning, and many others was based on models of industrial organization. The world has changed and international business has become a two-way street where firms and governments from emerging markets and small countries are as active as the developed countries MNEs and their governments. In this paper the basic international trade model is used to gain insights of the new world of international business. In particular, a dynamic model of changing factor intensity and of creating local specific competitive and comparative advantages for firms and governments from emerging markets is presented and discussed.en_US
dc.format.extent131219 bytes
dc.format.extent1802 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.relation.ispartofserieswp963en_US
dc.subjectEconomics of International Business, International Trade Models, Emerging Marketsen_US
dc.subject.otherF11,F23,O14en_US
dc.titleMarket Globalization by Firms from Emerging Markets and Small Countries: an Application of the Neoclassical Trade Modelen_US
dc.typeWorking Paperen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.contributor.affiliationumWilliam Davidson Instituteen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/64430/1/wp963.pdf
dc.contributor.authoremailagmont@012.net.ilen_US
dc.owningcollnameWilliam Davidson Institute (WDI) - Working Papers


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