The competitiveness and comparative advantage of U.S. multinationals 1957-1984
Keywords:U.S. multinationals, competitiveness
It has been shown that the share in world manufactured exports of firms located in the U.S. moved in the opposite direction of the share of U.S. multinational firms, including both their domestic and their overseas operations. The U.S. share fell steadily from the 1950s through the mid-1970s, but the share of U.S. multinational firms did not decline at all or even increased (Lipsey and Kravis, 1985). This contrast suggests that it is important to distinguish between the factors that determine the competitiveness of the U.S. as a production location and those that determine the competitiveness of U.S. firms. In light of this consideration, the author investigates.