Charles van Marrewijk Type author names here International

Charles van Marrewijk Type author names here International Trade Chapter 14: Multinational firms © Oxford University Press, 2017. All rights reserved.

14. 2 a export distribution by product and country; USA, 2007

14. 2 b export distribution by product and country; USA, 2007

14. 3 a import distribution by product and country; USA, 2007

14. 3 b import distribution by product and country; USA, 2007

14. 4 US total and related party imports and exports, 20022014

14. 5 US related party trade; percent of total import or export, 2002 -2014

14. 6 size of US affiliates relative to local firms 20 16 12 8 4 0 Finland France employment Ireland sales Holland R&D expenditure Poland exports Sweden

14. 7 US sectoral related party trade; per cent of total import or export, 2014

14. 8 destination of US affiliate sales by sector (percent)

14. 9 horizontal FDI proximity – concentration trade-off 2 options Exporting firm Multinational firm compare profits

14. 10 export or multinational decision with symmetric countries export multinational 0 2

headquarter location? 14. 11 decision process and firm types America Britain multi-plant production? yes no

14. 12 possible national / multinational regimes National firms only Mixed regimes yes no Multinationals only yes no yes 1 2 3 4 no 5 6 7 8 yes 9 10 11 12 no 13 14 15 16

14. 13 size and endowment distributions capital America capital abundant Britain labour abundant America small Britain large America large Britain small America labour abundant Britain capital abundant labour

capital 14. 14 characterization of main horizontal FDI regimes national firms only mixed regimes mul tin firm ationa s on l ly mixed regimes national firms only labour

14. 15 firm heterogeneity and horizontal FDI ul ti na tio na l total profit m t or p ex ic st e m do exit