Global Production: Firms, Contracts, and Trade Structure (CREI Lectures in Macroeconomics, 2)

__Global Production__ is the first book to provide a fully comprehensive overview of the complicated issues facing multinational companies and their global sourcing strategies. Few international trade transactions today are based on the exchange of finished goods; rather, the majority of transactions are dominated by sales of individual components and intermediary services. Many firms organize global production around offshoring parts, components, and services to producers in distant countries, and contracts are drawn up specific to the parties and distinct legal systems involved. Pol Antràs examines the contractual frictions that arise in the international system of production and how these frictions influence the world economy. Antràs discusses the inevitable complications that develop in contract negotiation and execution. He provides a unified framework that sheds light on the factors helping global firms determine production locations and other organizational choices. Antràs also implements a series of systematic empirical tests, based on recent data from the U.S. Customs and Census Offices, which demonstrate the relevance of contractual factors in global production decisions. Using an integrated approach, __Global Production__ is an excellent resource for researchers, graduate students, and advanced undergraduates interested in the inner workings of international economics and trade. Global Production Is The First Book To Provide A Fully Comprehensive Overview Of The Complicated Issues Facing Multinational Companies And Their Global Sourcing Strategies. Few International Trade Transactions Today Are Based On The Exchange Of Finished Goods; Rather, The Majority Of Transactions Are Dominated By Sales Of Individual Components And Intermediary Services. Many Firms Organize Global Production Around Offshoring Parts, Components, And Services To Producers In Distant Countries, And Contracts Are Drawn Up Specific To The Parties And Distinct Legal Systems Involved. Pol Antràs Examines The Contractual Frictions That Arise In The International System Of Production And How These Frictions Influence The World Economy. Antràs Discusses The Inevitable Complications That Develop In Contract Negotiation And Execution. He Provides A Unified Framework That Sheds Light On The Factors Helping Global Firms Determine Production Locations And Other Organizational Choices. Antràs Also Implements A Series Of Systematic Empirical Tests, Based On Recent Data From The U.s. Customs And Census Offices, Which Demonstrate The Relevance Of Contractual Factors In Global Production Decisions. Using An Integrated Approach, Global Production Is An Excellent Resource For Researchers, Graduate Students, And Advanced Undergraduates Interested In The Inner Workings Of International Economics And Trade.-- Made In The World -- Workhorse Models -- Contracts And Export Behavior -- Contracts And Global Sourcing -- Contracts And Sourcing: Evidence -- The Transaction-cost Approach -- The Property-rights Approach -- Internalization: Empirical Evidence. Pol Antràs. Includes Bibliographical References (pages 307-317) And Index. Global Production is the first book to provide a fully comprehensive overview of the complicated issues facing multinational companies and their global sourcing strategies. Few international trade transactions today are based on the exchange of finished goods; rather, the majority of transactions are dominated by sales of individual components and intermediary services. Many firms organize global production around offshoring parts, components, and services to producers in distant countries, and contracts are drawn up specific to the parties and distinct legal systems involved. Pol Antràs examines the contractual frictions that arise in the international system of production and how these frictions influence the world economy. Antràs discusses the inevitable complications that develop in contract negotiation and execution. He provides a unified framework that sheds light on the factors helping global firms determine production locations and other organizational choices. Antràs also implements a series of systematic empirical tests, based on recent data from the U.S. Customs and Census Offices, which demonstrate the relevance of contractual factors in global production decisions. Using an integrated approach, Global Production is an excellent resource for researchers, graduate students, and advanced undergraduates interested in the inner workings of international economics and trade.-- Provided by Publisher Global Production is the first book to provide a fully comprehensive overview of the complicated issues facing multinational companies and their global sourcing strategies. Few international trade transactions today are based on the exchange of finished goods; rather, the majority of transactions are dominated by sales of individual components and intermediary services. Many firms organize global production around offshoring parts, components, and services to producers in distant countries, and contracts are drawn up specific to the parties and distinct legal systems involved. Pol Antras examines the contractual frictions that arise in the international system of production and how these frictions influence the world economy. Antras discusses the inevitable complications that develop in contract negotiation and execution. He provides a unified framework that sheds light on the factors helping global firms determine production locations and other organizational choices. Antras also implements a series of systematic empirical tests, based on recent data from the U.S. Customs and Census Offices, which demonstrate the relevance of contractual factors in global production decisions. Using an integrated approach, Global Production is an excellent resource for researchers, graduate students, and advanced undergraduates interested in the inner workings of international economics and trade 069116827X.01.S001.JUMBOXXX 1 apreface_crei_lectures 2 chapter_1_crei_lectures 9 chapter_2_crei_lectures 35 chapter_3_crei_lectures 65 chapter_4_crei_lectures 103 chapter_5_crei_lectures 139 chapter_6_crei_lectures 179 chapter_7_crei_lectures 205 chapter_8_crei_lectures 231 dtheoretical_appendix_crei_lectures 280 edata_appendix_crei_lectures 303 fbibliography_crei_lectures 318 Bound,using,Adobe,Acrobat,Pro,11,by,Umair,Ayaz Bound using Adobe Acrobat Pro 11 by Umair Ayaz Using an integrated approach, this authoritative resource provides a fully comprehensive overview of the complicated issues facing multinational companies and their global sourcing strategies. -- Edited summary from book