Internationalized Production in World Output

Robert Lipsey, Magnus Blomstrom and Eric Ramstetter ()

No 5385, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Internationalized production, that is, production by multinational firms outside their home countries has increased over the last two decades, but it was still, in 1990, only about 7 percent of world output. The share was higher, at 15 percent in 'industry,' including manufacturing, trade, construction, and public utilities, but it was negligible in 'services,' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars, international organizations, and the press, these numbers are a reminder of how large a proportion of economic activity is confined to single geographical locations and home country ownership. Internationalization of production is clearly growing in importance, but the vast majority of production is still carried out by national producers within their own borders.

JEL-codes: F20 F23 (search for similar items in EconPapers)
Date: 1995-12
Note: ITI
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

Published as Geography and Ownership as Bases for Economic Accounting. Baldwin, Lipsey,and Richardson, eds., pp. 83-135. The University of Chicago Press, 1998.
Published as Internationalized Production in World Output , Robert E. Lipsey, Magnus Blomstrom, Eric D. Ramstetter. in Geography and Ownership as Bases for Economic Accounting , Baldwin, Lipsey, and Richardson. 1998

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Chapter: Internationalized Production in World Output (1998)
Working Paper: Internationalized Production in World Output (1995)
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