Global Production

Firms, Contracts, and Trade Structure

Pol Antràs

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English

Princeton University Press
04 January 2021

Economics; Economics of industrial organisation; International trade; Ownership & organisation of enterprises; Multinationals

Series: CREI Lectures in Macroeconomics

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.

By: Pol Antràs
Imprint: Princeton University Press
Country of Publication: United States
Dimensions: Height: 235mm, Width: 156mm,
ISBN: 9780691209036
ISBN 10: 0691209030
Series: CREI Lectures in Macroeconomics
Pages: 336
Publication Date: 04 January 2021
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Paperback
Publisher's Status: Active

Pol Antrs is the Robert G. Ory Professor of Economics at Harvard University and a research associate at the National Bureau of Economic Research.