Geography 2143A/B Study Guide - Quiz Guide: Vance Packard, Transfer Pricing, Market Capitalization
16 Oct 2017
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Founders are selling their firms instead of building their own giants: modern technology is lowering barriers to entry, about 30% of global fdi flows through tax havens. Big companies use transfer pricing to pretend that profits generated in one part of the world are in fact made in another. In 1990 the top 3 car makers had a market capitalization of billion and 1. 2m employees. In 2014, top 3 firms in silicon valley had a market capitalization of trillion but only had 137,00 employees: protectionism and nativism will only lower living standards. It is time to drop the fantasy that a purely free market exists in the world of global trade , mr. hochberg. Inovar-auto which requires brazilian car manufactures to invest in local innovation and engineering: bric countries embrace state capitalism and so the line between industrial policy and export subsidy is blurred.
