Multinational Firms in the Theory of International Trade

Wilfred J. Ethier
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Wilfred J. Ethier: University of Pennsylvania

Chapter 1 in Economics in a Changing World, 1994, pp 3-33 from Palgrave Macmillan

Abstract: Abstract The core of trade theory once consisted of several ideas embodied in a few ‘standard’ models — most notably the Heckscher—Ohlin—Samuelson model. Most active research applied, modified or extended these models. But, increasingly, the apparent implications of this theory have been dramatically contradicted by actual world commerce. This tension between theory and fact has driven most recent developments in the theory of international trade.

Keywords: International Trade; Direct Investment; Foreign Firm; Multinational Firm; Imperfect Competition (search for similar items in EconPapers)
Date: 1994
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DOI: 10.1007/978-1-349-23458-5_1

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