Internationalization of Industry: An Assessment in the Light of a Small Open Economy (Switzerland)

About 10 years ago, the first very small steps towards this book were taken. The starting point was marked by the deep and sudden slump of the Swiss economy in the mid-seventies: a crisis wiping out about 10 percentage points of GNP and employment within just two years. To this writer, it was clear from the beginning that neither the exogenous shocks nor the structural changes were in fact exogenous or structural. They were given and sha­ ped by global forces. They were part and parcel of c...