Free international economic policy in a world of schumpeter goods

Gray, H. Peter

doi:10.1080/08853909808523909

Cited by 6 publications

(1 citation statement)

References 17 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…At this stage, in order to become global players, industrializing country rms also begin to seek out foreign technology, management skills and organizational expertise, by means of mergers and acquisitions (M&As) or strategic alliances-particularly with rms from the more industrialized countries. The character and composition of both trade and FDI also change as development proceeds (Gray 1998(Gray , 1999. In stages I and II, both trade and FDI are likely to be between different industrial sectors, i.e.…”

Section: Four Stages In the Idp And Tdpsmentioning

confidence: 99%

Incorporating Trade into the Investment Development Path: A Case Study of Korea and Taiwan

Dunning¹,

Lin²

2001

Oxford Dev. Stud.

View full text Add to dashboard Cite

We suggest that there is some interface between the investment development path (IDP) and the trade development path (TDP)-with both trade and foreign direct investment (FDI) of created asset-intensive products increasing their signi cance relative to gross national product (GNP) of countries. The proportion of intra-industry trade and FDI to total trade and FDI also increases as an economy develops, particularly so for created asset-intensive products. We have taken the FDI intensity of manufacturing sectors as a proxy for a created asset intensity, and classi ed it into three categories, viz. above, average and below created asset intensities. Trade and FDI data from the Korean and Taiwan economies between 1968 and1997 generally support the idea of an integrated TDP and IDP. The growth of trade and FDI tends to be positively correlated with GNP per capita and with the created asset intensity of products.

show abstract

Section: Four Stages In the Idp And Tdpsmentioning

confidence: 99%