About 10 years ago, the first very small steps towards this book were taken. The starting point was marked by the deep and sudden slump of the Swiss economy in the mid-seventies: a crisis wiping out about 10 percentage points of GNP and employment within just two years. To this writer, it was clear from the beginning that neither the exogenous shocks nor the struc- tural changes were in fact exogenous or structural. They were given and sha- ped by global forces. They were part and parcel of capitalist development. There is ...
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About 10 years ago, the first very small steps towards this book were taken. The starting point was marked by the deep and sudden slump of the Swiss economy in the mid-seventies: a crisis wiping out about 10 percentage points of GNP and employment within just two years. To this writer, it was clear from the beginning that neither the exogenous shocks nor the struc- tural changes were in fact exogenous or structural. They were given and sha- ped by global forces. They were part and parcel of capitalist development. There is no other highly developed country in the world which is so ex- tremely and integrally exposed to world-wide currents of financial and economic changes as Switzerland. The degree and dimensions of open- ness ofthe Swiss economy led to the formulation of our research approach for studying the internationalization of the economy, a topic theoretically and politically developed in this book. Empirical evidence relates to our study of Swiss experience. A well-known Swiss-American economist offered the following com- ment on our previous work on the internationalization of industry: "You are very good in raising interesting questions ..." What was undoubtedly meant as a criticism was received as a compliment. Too much talent and too many research efforts are, in my opinion, wasted by research programs which place technique over substance. This unfortunate development in our profession has already greatly reduced the social utility of economists.
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Illustrated by With 17 figures and 45 tables. Very Good-with no dust jacket. 0387168729. Tone, Library stamps/marks/labels/pocket, otherwise light wear. Solid hardcover.; Table of Contents: Part I. Interdependency Through Internationalization in an Historical and Global Perspective: 1. The "International Disorder": Some Historical Digressions on the Structure of Global Interdependencies; 2. Dimensions and Perspectives of Interdependence: Exports, Multinationals, and New Forms of Internationalization; 3. Global Forces Behind New Forms of Internationalization; 4. The Structural Adjustment Problems of the National Economy: View on the "Competitiveness Debate" of Swiss Executives; Part II. A Taxonomy of New Forms of International Investment and Export Financing: 5. New Forms of International Investment; 6. New Forms of Export Financing; Part III. Economic Theory and New Forms of Internationalization: Toward the Synthesis of a General Model: 7. Introduction: Synopsis of Theoretical Development with Regard to Trade, Foreign Direct Investment (FDI), and New Forms of Internationalization (NFI); 8. The Transaction Cost Approach to New Forms of International Investment (NFII); 9. The Transaction Cost Approach to New Forms of Export Financing (NFEF); 10. Competitive Advantage and Technological Change from the Strategic Perspective of the Firm; Part IV. Empirical Research on the Impact of New Forms of Internationalization on Swiss Industry: 11. Empirical Research Concept and Data Base of Our Swiss Study; 12. Case Study Results; 13. Results of the Survey on New Forms of International Investment (NFII); 14. Results of the Survey on New Forms of Export Financing (NFEF); 15. Results of Surveys of Swiss Multinationals; Part V. Synthesis: Conclusions and Recommendations for Economic Policy and Business Strategy: 16. A Framework for the Evaluation of New Forms of Internationalization (NFI); 17. Recommendations for Private Business Strategies; 18. Recommendations for Economic Policies at the National and International Levels; References.; Ex-Library; 172 pages.