Global Production : Firms, Contracts, and Trade Structure / Pol Antràs.

Format:

Book

Author/Creator:

Antràs, Pol, author.

Series:

CREI lectures in macroeconomics.

CREI Lectures in Macroeconomics

Language:

English

Subjects (All):

Production (Economic theory).

Foreign trade regulation.

Supply and demand.

International trade.

Physical Description:

1 online resource (337 p.)

Place of Publication:

Princeton, NJ : Princeton University Press, [2015]

Language Note:

English

Summary:

Global Production is the first book to provide a fully comprehensive overview of the complicated issues facing multinational companies and their global sourcing strategies. Few international trade transactions today are based on the exchange of finished goods; rather, the majority of transactions are dominated by sales of individual components and intermediary services. Many firms organize global production around offshoring parts, components, and services to producers in distant countries, and contracts are drawn up specific to the parties and distinct legal systems involved. Pol Antràs examines the contractual frictions that arise in the international system of production and how these frictions influence the world economy.Antràs discusses the inevitable complications that develop in contract negotiation and execution. He provides a unified framework that sheds light on the factors helping global firms determine production locations and other organizational choices. Antràs also implements a series of systematic empirical tests, based on recent data from the U.S. Customs and Census Offices, which demonstrate the relevance of contractual factors in global production decisions.Using an integrated approach, Global Production is an excellent resource for researchers, graduate students, and advanced undergraduates interested in the inner workings of international economics and trade.

Contents:

Frontmatter

Contents

Preface

Part I. Introduction

1. Made in the World

2. Workhorse Models

Part II. Location

3. Contracts and Export Behavior

4. Contracts and Global Sourcing

5. Contracts and Sourcing: Evidence

Part III. Internalization

6. The Transaction-Cost Approach

7. The Property-Rights Approach

8. Internalization: Empirical Evidence

Part IV. Appendixes

A Theoretical Appendix

B Data Appendix

Bibliography

Index

Notes:

"This work is published in association with the Centre de Recerca en Economia Internacional (CREI)."

Pilot project,eBook available to selected US libraries only

Includes bibliographical references (pages 307-317) and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Mai 2019)

ISBN:

9781400873746

1400873746

OCLC:

929532576