Voyevodins' Library _ "International Business: Competing in the Global Marketplace" / Charles W.L. Hill ... Chapter 4 ... currency speculation, currency swap, currency translation, current account, current account deficit, current account surplus, current cost accounting, current rate method, customs union, D'Amato Act, deferral principle, democracy, deregulation, diminishing returns to specialization, dirty-float system, draft, drawee, dumping, eclectic paradigm, e-commerce, economic exposure, economic risk, economic union, economies of scale, ecu, efficient market, ending rate, ethical systems, ethnocentric behavior, ethnocentric staffing, eurobonds, eurocurrency, eurodollar, European Free Trade Association (EFTA), European Monetary System (EMS), European Union (EU), exchange rate, exchange rate mechanism (ERM), exclusive channels, expatriate failure, expatriate manager, experience curve, experience curve pricing, export management company, Export-Import Bank (Eximbank), exporting, externalities, externally convertible currency, factor endowments Voevodin's Library: currency speculation, currency swap, currency translation, current account, current account deficit, current account surplus, current cost accounting, current rate method, customs union, D'Amato Act, deferral principle, democracy, deregulation, diminishing returns to specialization, dirty-float system, draft, drawee, dumping, eclectic paradigm, e-commerce, economic exposure, economic risk, economic union, economies of scale, ecu, efficient market, ending rate, ethical systems, ethnocentric behavior, ethnocentric staffing, eurobonds, eurocurrency, eurodollar, European Free Trade Association (EFTA), European Monetary System (EMS), European Union (EU), exchange rate, exchange rate mechanism (ERM), exclusive channels, expatriate failure, expatriate manager, experience curve, experience curve pricing, export management company, Export-Import Bank (Eximbank), exporting, externalities, externally convertible currency, factor endowments



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Chapter 4 Outline

Notes

  1. H. W. Spiegel, The Growth of Economic Thought. (Durham, NC: Duke University Press, 1991).

  2. G. de Jonquieres, "Mercantilists Are Treading on Thin Ice." Financial Times, July 3, 1994, p. 16.

  3. Jarl Hagelstam, "Mercantilism Still Influences Practical Trade Policy at the End of the Twentieth Century," Journal of World Trade, 1991, pp. 95 - 105.

  4. S. Hollander, The Economics of David Ricardo (Buffalo, NY: The University of Toronto Press, 1979).

  5. D. Ricardo, The Principles of Political Economy and Taxation. (Homewood, IL: Irwin, 1967, first published in 1817).

  6. For example, R. Dornbusch, S. Fischer, and P. Samuelson, "Comparative Advantage: Trade and Payments in a Ricardian Model with a Continuum of Goods," American Economic Review 67 (December 1977), pp. 823 - 39.

  7. B. Balassa, "An Empirical Demonstration of Classic Comparative Cost Theory," Review of Economics and Statistics, 1963, pp. 231 - 38.

  8. See P. R. Krugman, "Is Free Trade Passé? Journal of Economic Perspectives 1 (Fall 1987), pp. 131 - 44.

  9. P. Samuelson, "The Gains from International Trade Once Again." Economic Journal 72 (1962) pp. 820 - 29.

  10. For a summary see "The Gains from Trade," The Economist. September 23, 1989, pp. 25 - 26.

  11. B. Ohlin, Interregional and International Trade. (Cambridge, MA: Harvard University Press, 1933). For a summary, see R. W. Jones and J. P.Neary, "The Positive Theory of International Trade," in Handbook of International Economics, ed. R. W. Jones and P. B. Kenen (Amsterdam: North Holland, 1984).

  12. W. Leontief, "Domestic Production and Foreign Trade: The American Capital Position Re-Examined," Proceedings of the American Philosophical Society 97 (1953), pp. 331 - 49.

  13. R. M. Stern and K. Maskus, "Determinants of the Structure of US Foreign Trade," Journal of International Economics 11 (1981), pp. 207 - 44.

  14. See H. P. Bowen, E. E. Leamer, and L. Sveikayskas, "Multicountry, Multifactor Tests of the Factor Abundance Theory," American Economic Review 77, (1987), pp. 791 - 809.

  15. R. Vernon, "International Investments and International Trade in the Product Life Cycle," Quarterly Journal of Economics, May 1966, pp. 190 - 207; and R. Vernon and L. T. Wells, The Economic Environment of International Business, 4th ed. (Englewood Cliffs, NJ: Prentice Hall, 1986).

  16. For a good summary of this literature, see E. Helpman and P. Krugman, Market Structure and Foreign Trade: Increasing Returns, Imperfect Competition, and the International Economy. (Boston: MIT Press, 1985). Also see, P. Krugman, "Does the New Trade Theory Require a New Trade Policy?" World Economy 15, no. (4), (1992), pp. 423 - 41.

  17. M. B. Lieberman and D. B. Montgomery, "First-Mover Advantages," Strategic Management Journal, 9 (Summer 1988), pp. 41 - 58.

  18. A. D. Chandler, Scale and Scope. (New York: Free Press, 1990).

  19. Krugman, "Does the New Trade Theory Require a New Trade Policy?"

  1. M. E. Porter, The Competitive Advantage of Nations. (New York: Free Press, 1990). For a good review of this book, see R. M. Grant, "Porter's Competitive Advantage of Nations: An Assessment," Strategic Management Journal 12 (1991), pp. 535 - 48.

  2. Porter, Competitive Advantage, p. 121.

  3. Lieberman and Montgomery, "First-Mover Advantages."

  4. C. A. Hamilton, "Building Better Machine Tools," The Journal of Commerce, October 30, 1991, p. 8, and "Manufacturing Trouble," The Economist, October 12, 1991, p. 71.
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