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Title: |
Foreign Management, International Capital, and Income Redistribution |
| Author: |
Thompson, Henry |
| Author
Affiliation: |
Auburn U |
| Source: |
International Economic Journal, Autumn 1993, v. 7, no. 3, pp. 33-41 |
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Publication Date: |
Autumn 1993 |
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Abstract: |
This paper examines the impact of foreign
management as a separate input in a competitive economy open to both
international trade and international movement of productive capital.
Three inputs (capital, labor, management) are used to produce two final
goods in a model characterized by competition, homogeneous products, and
full employment. This model provides a simple starting point for the
study of multinational firm activity, building on the fundamental
competitive factor proportions model of production and trade. A clear
distinction arises between international movements of capital and
management, and international movements of the two inputs are linked. |
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