Description

This book presents the first ever comprehensive picture of the concentration, integration, multinationality, and diversification of industry and firms, based on a newly constructed micro-level database. At the theoretical level, it develops a new way of integrating the insights of international trade, industrial organization, international business, and corporate strategy: by understanding the reasons for the industrial structure we observe, it argues, much can be learnt about the underlying competitive processes that generated this structure in the context of current European integration. The insight from an econometric analysis of the various dimensions of indsutrial structure are applied to address policy-relevant questions.