Multinational firms, location and trade

Article Abstract:

A study was conducted to analyze frameworks on the relationships among the theories of multinational firms, location and trade. Studies that attempted to integrate multinational companies into general-equilibrium trade models were also examined. Results correlated multinational companies with various types of knowledge-based capital such as employees, patents, blueprints, and work procedures. Findings also showed that multinational activities abound in high-income developed nations.

Multinational Corporations, International business enterprises, Industrial locations, Industrial location

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Trade and competition: an industrial economist's perspective

Article Abstract:

There are theoretical and empirical evidence that free trade enhances competition and the market performance of imperfectly competitive international markets. It also ameliorates general welfare and the welfare of the particular trading nations. The benefits are due to the fact that greater numbers of competitors lessens equilibrium economic profits, reduces the incidence of collusion and encourages the use of productive resources.

Competition (Economics), Monopolistic competition

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