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

  • Henning Klodt

Abstract

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).

Keywords

International Trade Comparative Advantage Product Cycle Global Trade Multinational Enterprise 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Springer-Verlag Berlin · Heidelberg 1992

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  • Henning Klodt

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