Technology-Based Trade and Multinationals’ Investment in Europe: Structural Change and Competition in Schumpeterian Goods

  • Henning Klodt


The patterns of international trade between developed and less developed countries are rapidly changing. Especially in high-tech industries, industrial countries are facing intensified competition from abroad, in particular from newly industrializing countries of South-East Asia. The production and export of modern consumer electronics, data processing equipment and sophisticated textiles are no longer an exclusive domain of rich and research-intensive countries (Figure 1).


International Trade Comparative Advantage Product Cycle Global Trade Multinational Enterprise 
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© Springer-Verlag Berlin · Heidelberg 1992

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  • Henning Klodt

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