By Kirsty Hughes; Wissenschaftszentrum Berlin
Studying the foremost elements picking present and destiny ecu competitiveness, this e-book makes a speciality of the problems of internationalization of enterprises and markets, the function of know-how and innovation, and of constant eu integration, and bargains with those concerns at the point of businesses, industries, and nations. The competitiveness of the EC as a complete, relative to the USA and Japan, can also be tested. it will likely be of curiosity to scholars, students and coverage makers thinking about undefined, know-how, alternate, and the way forward for the EC
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Extra resources for European competitiveness
In fact the choice of the ownership structure of the foreign investment relates in a different way to firm, industry and country characteristics which in turn are linked to various market failures and imperfections. We consider that a focus on noncontrolling interests (NCI) may contribute to understanding whether the choice of these forms of ownership is unconstrained or not and therefore if they are a iast resort' strategy for companies that, in servicing foreign markets, face hurdles of different kinds and cannot take control of foreign subsidiaries.
While the economic factors studied in the above mentioned studies labour costs, material costs and market size - are expected to affect Japanese MNEs' location decisions in the EC as well, this is not an exhaustive list of the sources of comparative advantage. In particular, if the Japanese MNE chooses a host country based on its export potential within the EC market, its location decision depends not only on 20 Hideki Yamawaki comparative advantage in factor costs but also on comparative advantage in technology.
Drake, Tracey A. , 1990. 'Changing determinants of Japan's foreign investment in the United States', Discussion Paper no 1483 (May), Harvard Institute of Economic Research, Harvard University. , 1977. 'Trade, location of economic activity and the MNE: a search for an eclectic approach', in B. -O. Hesselborn, and P. M. ), The International Allocation of Economic Activity: Proceedings of a Nobel Symposium Held at Stockholm, London: Macmillan. 1980. 'Toward an eclectic theory of international production: some empirical tests', Journal of International Business Studies, 11, 9-31.