Butterfly Spotting: An Industrial Real Estate Perspective on Globalization and Transnational Economics

ARES 2008 Manuscript Prize Winner – Industrial Real Estate

As national economies are becoming ever more global and interconnected, this paper addresses the need for real estate investors to develop new, efficient ways to assess how variables and phenomena central to economic globalization (e.g. outsourcing) might impact their domestic industrial portfolios and investment decisions. The paper describes the concept of Transnational Property and proposes the concept of Global Economic Base Category (GEBC).