International Trade, FDI, and the Austrian School of Economic Thought

Myriam J. Maier () and Dimitrios N. Koumparoulis ()
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Myriam J. Maier: UGSM- Monarch Business School Switzerland
Dimitrios N. Koumparoulis: UGSM- Monarch Business School Switzerland

Transnational Corporations Review, 2012, vol. 4, issue 4, 76-84

Abstract: International trade has been a key area of concern for businesses. The recent technological advancements have enabled the development of a global market place through which transactions can be carried out across wide geographical coverage. This has reduced the world¡¯s individual markets into an integrated global village. The spread of businesses outside their local boundaries through foreign direct investment has been mainly enhanced by the desire to satisfy the consumers¡¯ needs thus achieving the requirements of the Austrian Economic School of Thought. The development of international trade has caused an overall rise in the rate of economic growth.

Keywords: Globalization; international trade; economic integration; international investment; growth and productivity; Austrian School (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:oul:tncr09:v:4:y:2012:i:4:p:76-84

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