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

Andea Elteto () and Sugimoto Shoshichi
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Andea Elteto: Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences

No 117, IWE Working Papers from Institute for World Economics - Centre for Economic and Regional Studies

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.

Keywords: Hungary; USA; multinational companies; international trade; globalization; world economy; comparative-advantage theory (search for similar items in EconPapers)
Pages: 27 pages
Date: 2001-07
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Persistent link: https://EconPapers.repec.org/RePEc:iwe:workpr:117

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