Kiel Working Papers, Kiel Institute for World Economics
No 1381:
Rules for Border-Crossing Factor Movements
Horst Siebert
Abstract: This paper analyzes rules for international factor
movements, i.e. real capital flows together with the relocation of firms,
the flow of technology and the migration of people. These rules have to
make sure that individuals, individual countries as well as the world
economy benefit from factor flows. They also define whether factors are
accumulated, for instance whether new technology is found. Except for
TRIMS, an international investment code has not been established.
Conventions have been introduced to ease patent applications. TRIPS
protects intellectual property. Rules for labor migration relate to the
right of exit and to conditions of entry. Factor movements are
interdependent among themselves and with trade. This implies a pecking
order between trade, capital flows and migration.
Keywords: International rules, institutional arrangements, capital flows, technology, patents, intellectual property rights, migration, pecking order between trade and factor flows; (follow links to similar papers)
JEL-Codes: F2,; K,; O3,; P; (follow links to similar papers)
25 pages, October 2007
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