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Working Paper

Locational Competition - A Neglected Paradigm in the International Division of Labour

Authors

  • Siebert
  • H.

Publication Date

JEL Classification

F H J

Key Words

Capital exports and exports of goods as complements or substitutes

Competitiveness of countries

Exit option of capital

Impact of capital exports on the capital-exporting country and its employment

Locational competition and global public goods and externalities

Locational competition as a discovery device

Manoeuvring space of governments

Mobile and immobile factors of production

Single world equilibrium versus many national equilibriums

Krugman's verdict that competitiveness of countries is a largely meaningless concept is a serious misjudgement of the economics profession. Countries compete for the mobile factors of production, most importantly for capital and technology. The exit-optio

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