Globalization and Global Sourcing in Business Services

Luis Rubalcaba and Desirée Welsum

Chapter 12 in Business Services in European Economic Growth, 2007, pp 213-230 from Palgrave Macmillan

Abstract: Abstract Most large firms contract or use business services as part of an international strategy. New technologies and liberalization of trade and investment allow their business-services provision from remote locations, thereby contributing to the globalization process. Some business services follow the clients and/or generate cross-border trade while others set up foreign subsidiaries. It is a dynamic process with repercussions on employment and value added, international trade, foreign direct investment (FDI), and service-related intangibles. Business services also play an active role in the internationalization of other sectors.

Keywords: Foreign Direct Investment; Real Estate; International Monetary Fund; Current Population Survey; Business Service (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-22879-5_13

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DOI: 10.1057/9780230228795_13

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