TY  - JOUR
AU  - Lipsey,Robert E.
AU  - Blomstrom,Magnus
AU  - Ramstetter,Eric
TI  - Internationalized Production in World Output
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 5385
PY  - 2000
Y2  - April 2000
UR  - http://www.nber.org/papers/w5385
L1  - http://www.nber.org/papers/w5385.pdf
N1  - Author contact info:
Robert E. Lipsey
NBER
365 Fifth Avenue, Suite 5318
New York, NY 10016-4309
Tel: 212/817-7961
Fax: 212/817-1597
E-Mail: N/A user is deceased

Magnus Blomstrom
European Institute of Japanese Studies
Stockholm School of Economics
Post Office Box 6501, Sveavagen 65
S-113 83 Stockholm
 SWEDEN
Tel: 46-8-7369265
Fax: 46-8-313017
E-Mail: magnus.blomstrom@gmail.com
M1  - published as Robert E. Lipsey, Magnus Blomstrom, Eric D. Ramstetter. "Internationalized Production in World Output ," in Robert E. Baldwin, Robert E. Lipsey and J. David Richards, editors, "Geography and Ownership as Bases for Economic Accounting" University of Chicago Press (1998)

M2  - featured in NBER digest on 1996-08-01
AB  - Internationalized production, that is, production by multinational firms outside their home countries has increased over the last two decades, but it was still, in 1990, only about 7 percent of world output.  The share was higher, at 15 percent in 'industry,' including manufacturing, trade, construction, and public utilities, but it was negligible in 'services,' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars, international organizations, and the press, these numbers are a reminder of how large a proportion of economic activity is confined to single geographical locations and home country ownership. Internationalization of production is clearly growing in importance, but the vast majority of production is still carried out by national producers within their own borders.
ER  -