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页数:6页
时间:2020-03-15
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1、CHAPTER7INTERNATIONALFACTORMOVEMENTSChapterOrganizationInternationalLaborMobilityAOne-GoodModelwithoutFactorMobilityInternationalLaborMovementExtendingtheAnalysisCaseStudy:WageConvergenceintheAgeofMassMigrationCaseStudy:ImmigrationandtheU.S.EconomyInternationalBorrowingandLending
2、IntertemporalProductionPossibilitiesandTradeTheRealInterestRateIntertemporalComparativeAdvantageBox:DoesCapitalMovementtoDevelopingCountriesHurtWorkersinHigh-WageCountries?DirectForeignInvestmentandMultinationalFirmsTheTheoryofMultinationalEnterpriseMultinationalFirmsinPracticeCa
3、seStudy:ForeignDirectInvestmentintheUnitedStatesBox:TakenforaRide?SummaryAppendix:MoreonIntertemporalTradeCHAPTEROVERVIEWThischapterintroducesanadditionalaspectofeconomicintegration,internationalfactormovements.Mostnotably,thisreferstolaborandfinancialcapitalmobilityacrosscountri
4、es.AnimportantpointemphasizedinChapter7isthatmanyofthesameforceswhichtriggerinternationaltradeingoodsbetweencountrieswill,ifpermitted,triggerinternationalflowsoflaborandfinances.Studentsmayfindthisanalysisespeciallyinterestinginthatitshedslightonissueswhichmayinvolvethempersonall
5、y,suchasmotivesforthe19thandearly20thcenturywavesofemigrationtoland-abundantbutlabor-scarceAmericafromland-scarceandlabor-abundantEuropeandChina.Other,morecurrentexamplesofinternationalfactormobilityincludetheinternationalcapitalflowsassociatedwiththedebtcrisisofthe1980s,andinter
6、temporalsubstitutionmotivesbehindUnitedStatesborrowingandforeigndirectinvestmentinflowsandoutflowsinthe1980sand1990s.Thechapterproceedsinthreemainsections.First,asimplemodelofinternationallabormobilityispresented.Next,intertemporalproductionandconsumptiondecisionsareanalyzedinthe
7、contextofinternationalborrowingandlending.Finally,theroleofmultinationalcorporationsisdiscussed.Todemonstratetheforcesbehindinternationallabormobility,thechapterbeginswithamodelwhichisquitesimilartothatpresentedinChapter3.Ineachcountryoftheworld,therealreturntolaborequalsitsmargi
8、nalproductinperfectlycompetitivemarketsi
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