Internationalized Production in World Output

114 Pages Posted: 16 Sep 2000 Last revised: 30 Sep 2010

See all articles by Robert E. Lipsey

Robert E. Lipsey

National Bureau of Economic Research (NBER) at New York (Deceased)

Magnus Blomstrom

Stockholm School of Economics - Department of Economics; National Bureau of Economic Research (NBER), at New York; Centre for Economic Policy Research (CEPR)

Eric D. Ramstetter

Asian Growth Research Institute; Kyushu University - Faculty of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: December 1995

Abstract

Internationalized production, that is, production by multinational firms outside their home countries has increased over the last two decades, but it was still, in 1990, only about 7 percent of world output. The share was higher, at 15 percent in 'industry,' including manufacturing, trade, construction, and public utilities, but it was negligible in 'services,' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars, international organizations, and the press, these numbers are a reminder of how large a proportion of economic activity is confined to single geographical locations and home country ownership. Internationalization of production is clearly growing in importance, but the vast majority of production is still carried out by national producers within their own borders.

Suggested Citation

Lipsey, Robert E. and Blomstrom, Magnus and Ramstetter, Eric D., Internationalized Production in World Output (December 1995). NBER Working Paper No. w5385. Available at SSRN: https://ssrn.com/abstract=225446

Robert E. Lipsey (Contact Author)

National Bureau of Economic Research (NBER) at New York (Deceased)

Magnus Blomstrom

Stockholm School of Economics - Department of Economics ( email )

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Centre for Economic Policy Research (CEPR)

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Eric D. Ramstetter

Asian Growth Research Institute ( email )

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Kyushu University - Faculty of Economics ( email )

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