Transnational corporations' strategies and foreign trade patterns in MERCOSUR countries in the 1990s
研究了1990年代南方共同市场国家跨国公司以市场寻求为主的战略,导致贸易呈现不对称一体化:内销和区域销售为主,进口来自发达国家,出口增长有限,未改善这些国家在全球经济中的地位。
Market-seeking strategies predominate in the recent FDI boom in MERCOSUR countries. In the trade performance of transnational corporation affiliates a sort of 'asymmetric integration' is clearly visible: they produce for the internal market and, to some extent, for the regional one, while import inputs and final goods from developed countries (and a significant part of these trade flows is intra-firm). Thus, even if affiliates obtained productivity gains in the 1990s, they have not yet been reflected in a significant increase in exports, and even less in extra-regional exports. Hence, the foreign direct investment boom seemingly has not yet contributed to a better insertion of MERCOSUR countries into the world economy. Copyright 2004, Oxford University Press.