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Internationalization of Industry

An Assessment in the Light of a Small Open Economy (Switzerland)

  • Silvio Borner

Table of contents

  1. Front Matter
    Pages I-XV
  2. Interdependency Through Internationalization in an Historical and Global Perspective

  3. A Taxonomy of New Forms of International Investment and Export Financing

    1. Front Matter
      Pages 37-37
    2. Silvio Borner
      Pages 39-43
    3. Silvio Borner
      Pages 44-49
  4. Economic Theory and New Forms of Internationalization: Toward the Synthesis of a General Model

  5. Empirical Research on the Impact of New Forms of Internationalization on Swiss Industry

  6. Synthesis: Conclusions and Recommendations for Economic Policy and Business Strategy

  7. Back Matter
    Pages 157-172

About this book

Introduction

About 10 years ago, the first very small steps towards this book were taken. The starting point was marked by the deep and sudden slump of the Swiss economy in the mid-seventies: a crisis wiping out about 10 percentage points of GNP and employment within just two years. To this writer, it was clear from the beginning that neither the exogenous shocks nor the struc­ tural changes were in fact exogenous or structural. They were given and sha­ ped by global forces. They were part and parcel of capitalist development. There is no other highly developed country in the world which is so ex­ tremely and integrally exposed to world-wide currents of financial and economic changes as Switzerland. The degree and dimensions of open­ ness ofthe Swiss economy led to the formulation of our research approach for studying the internationalization of the economy, a topic theoretically and politically developed in this book. Empirical evidence relates to our study of Swiss experience. A well-known Swiss-American economist offered the following com­ ment on our previous work on the internationalization of industry: "You are very good in raising interesting questions ..." What was undoubtedly meant as a criticism was received as a compliment. Too much talent and too many research efforts are, in my opinion, wasted by research programs which place technique over substance. This unfortunate development in our profession has already greatly reduced the social utility of economists.

Keywords

Switzerland development economy employment foreign direct investment foreign trade internationalization research trade policy utility

Authors and affiliations

  • Silvio Borner
    • 1
  1. 1.Institut für Angewandte WirtschaftsforschungUniversität BaselBaselSwitzerland

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-71422-1
  • Copyright Information Springer-Verlag Berlin Heidelberg 1986
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-71424-5
  • Online ISBN 978-3-642-71422-1
  • Buy this book on publisher's site