Record Detail Back
Borderline Case: International Tax Policy, Corporate Research and Development, and Investment
- Share to:
The global business environment is changing. Even as recently as 10 years ago, international joint ventures were relatively uncommon, and large U.S.-based multinational corporations could be considered “American firms.” Yet the grow- ing integration of world markets for capital and many products, coupled with the rise of electronic communication media such as e-mail and video teleconferenc- ing, has made it more difficult to assign corporations to particular countries. The emergence of “virtual corporations,” which raise capital in one country, carry out research in another, manufacture in a third, and finally sell their products in a fourth country, is an important reality of the 1990s. Large U.S.-based “virtual firms” in many industries now compete with similar virtual firms based in other nations. The identification of firms as “American,” “Dutch,” or “Japanese” may now reflect little more than an accident of birth. Current indications suggest that the trend toward global firms will continue and, if anything, accelerate in the future.
JAMES M. POTERBA - Personal Name
0-309-51834-2
NONE
Business Policy and Strategy
English
1997
1-169
LOADING LIST...
LOADING LIST...