Caravan capitalism is the act of travelling between countries as wages increase. It takes its name from an alternative name for the travel trailer, and was first coined by German minister of finance Peer Steinbrück in March 2007 after Nokia signed a memorandum with Cluj County Council, Romania to open a new plant near the city in Jucu commune closing the Bochum, Germany factory, to local criticism.[1][2][3][4][5][6]
References
edit- ^ "Caravan capitalism in the North? – The Case of Stora Enso Dismissals in Finland" (PDF). Fes.de. Retrieved 20 November 2013. s.a. Stora Enso
- ^ "Nokia to set up a new mobile device factory in Romania" (Press release). Nokia Corporation. 26 March 2007. Retrieved 14 May 2008.
- ^ "Nokia to open cell phone plant near Cluj". Boston.com. Associated Press. 22 March 2007. Archived from the original on 7 May 2008. Retrieved 14 May 2008.
- ^ "Nokia to build mobile phone plant in Romania". Helsingin Sanomat. 27 March 2007. Retrieved 14 May 2008.
- ^ "German Politicians Return Cell Phones Amid Nokia Boycott Calls". Deutsche Welle. 18 January 2008. Retrieved 22 March 2009.
- ^ "German State Demands €60 Million from Nokia". Der Spiegel. 11 March 2008. Retrieved 22 March 2009.