NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Internationalization of Production

Robert E. Lipsey

NBER Working Paper No. 2923
Issued in April 1989
NBER Program(s):   ITI   IFM

The degree of internationalizaton of the enterprise or business sectors of many countries, as measured by the ratio of direct investment abroad to domestic wealth or assets, or of assets or employment abroad to that at home, has been growing over the last twenty years or more. The exception to this trend is the United States, in which the extent of internationalization, after growing until the 1970s, has stagnated or decreased somewhat. The level of internationalization of U.S. firms in the 1970s and 1980s was above that of Germany and especially above those of Japan and Korea. Canada was close to the U.S. and UK firms were by far the most internationalized. The differences among the country levels and trends seem to reflect country size and divergences between the competitiveness of countries and of their companies, including those that result from exchange-rate movements.

download in pdf format
   (485 K)

email paper

This paper is available as PDF (485 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w2923

Users who downloaded this paper also downloaded these:
Levine and Schmukler w11023 Internationalization and the Evolution of Corporate Valuation
Aizenman and Kendall w14344 The Internationalization of Venture Capital and Private Equity
Ando and Kimura The Formation of International Production and Distribution Networks in East Asia
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us