Advertisement
Published in:
2005 | OriginalPaper | Chapter
Endogenous Sunk Cost and Multinational Enterprises
Authors : Carsten Eckel, Gerhard Rübel
Published in: Aspekte der internationalen Ökonomie / Aspects of International Economics
Publisher: Deutscher Universitätsverlag
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
A widespread belief among economists is that globalization increases competition and reduces concentration. Recent developments, however, have cast doubts on these theories. UNCTAD (2000, pp. 127–129) reports mounting evidence that concentration in some highly globalized industries, such as automobiles, banking, pharmaceuticals, telecommunications, insurance and energy (including petroleum), is rising. Ernst (1997) provides evidence of growing concentration in the electronics industry. In particular, the total number of producers of hard disk drives worldwide has fallen rapidly from 59 in 1990 to 24 in 1995. Does globalization and market integration really lead to less concentration?