Excerpt
Excerpt
Multinational Firms and the Structure of International Trade. Pol Antras, February 2013, Paper. "This article reviews the state of the international trade literature on multinational firms. This literature addresses three main questions. First, why do some firms operate in more than one country while others do not? Second, what determines in which countries production facilities are located? Finally, why do firms own foreign facilities rather than simply contract with local producers or distributors? We organize our exposition of the trade literature on multinational firms around the workhorse monopolistic competition..." Link verified March 28, 2014