This text provides a forum for leading specialists in trade and international economics to explore whether changes in the world economy have increased the usefulness of international accounts drawn up on the basis of ownership rather than on geography. The papers in this volume suggest that ownership-based national accounts are helpful in understanding trade and financial transactions among globalized enterprises. Individual chapters emphasize this perspective through accounting exercises, studies of individual countries, and studies of foreign direct investment and its relation to national economies. This volume gives trade and international economists the data and resources to renew discussion of this timely issue.
Robert E. Baldwin is the Hilldale Professor of Economics at the University of Wisconsin, Madison.
Robert E. Lipsey is professor of economics at Queens College and the Graduate Center of the City University of New York. He is also a research associate of the NBER and director of its New York office.
Helen Stone Tice is an assistant to the director at the Bureau of Economic Analysis, U.S. Department of Commerce.
David Richardson is professor of economic history at the University of Hull and coeditor of
Routes to Slavery: Direction, Ethnicity, and Mortality in the Transatlantic Slave Trade.
Anthony Tibbles was formerly Keeper of the Merseyside Maritime Museum.
Suzanne Schwarz is professor of history at Liverpool Hope University and author of
Slave Captain: The Career of James Irving, soon to be republished by Liverpool University Press.