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Author: Mr.Tito Cordella Publisher: International Monetary Fund ISBN: 1451846711 Category : Business & Economics Languages : en Pages : 21
Book Description
This paper uses a vertical differentiation duopoly framework to analyze firms’ relocation decisions, when the removal of trade barriers or restrictions on capital outflows or inflows (“globalization”) allows them to serve the domestic market through foreign plants in low-wage countries. The relocation of the entire industry yields net welfare costs, but the relocation of one (and only one) firm, may be welfare improving. When the economy is “high-(or low-) quality biased,” the relocation of the firm producing the high- (or low-) quality variant is preferred, on welfare terms, to that of other firms, if the wage differential is large enough.
Author: Mr.Tito Cordella Publisher: International Monetary Fund ISBN: 1451846711 Category : Business & Economics Languages : en Pages : 21
Book Description
This paper uses a vertical differentiation duopoly framework to analyze firms’ relocation decisions, when the removal of trade barriers or restrictions on capital outflows or inflows (“globalization”) allows them to serve the domestic market through foreign plants in low-wage countries. The relocation of the entire industry yields net welfare costs, but the relocation of one (and only one) firm, may be welfare improving. When the economy is “high-(or low-) quality biased,” the relocation of the firm producing the high- (or low-) quality variant is preferred, on welfare terms, to that of other firms, if the wage differential is large enough.
Author: Tito Cordella Publisher: ISBN: Category : Languages : en Pages : 20
Book Description
This paper uses a vertical differentiation duopoly framework to analyze firms` relocation decisions, when the removal of trade barriers or restrictions on capital outflows or inflows (globalization) allows them to serve the domestic market through foreign plants in low-wage countries. The relocation of the entire industry yields net welfare costs, but the relocation of one (and only one) firm, may be welfare improving. When the economy is high-(or low-) quality biased, the relocation of the firm producing the high- (or low-) quality variant is preferred, on welfare terms, to that of other firms, if the wage differential is large enough.
Author: International Monetary Fund. Research Dept. Publisher: International Monetary Fund ISBN: 1451973608 Category : Business & Economics Languages : en Pages : 168
Book Description
This paper presents international evidence on the determinants of trade dynamics. It provides some new empirical perspectives on the relationship between international trade and macroeconomic fluctuations in industrial economies. A comprehensive set of stylized facts concerning fluctuations in trade variables and their determinants is presented. A measure of the quantitative importance of international trade for the propagation of domestic business cycles is then constructed, focusing on the role of external trade as a catalyst for cyclical recoveries.
Author: Chris Cooper Publisher: Routledge ISBN: 1134614012 Category : Business & Economics Languages : en Pages : 360
Book Description
This book contributes to the clarification and systemisation of modern notions of tourism, examining the trend of globalisation to provide a review of contemporary tourism challenges.
Author: D. Das Publisher: Springer ISBN: 1403938679 Category : Business & Economics Languages : en Pages : 227
Book Description
Dilip K. Das succintly covers the principal normative and positive strands that one needs to be properly familiar with in the area of economic globalization. The selection and rejection of themes for coverage in the book has been carefully done. The picture of globalization has been painted with a broad brush. The unique feature that distinguishes it from the competition is its succinct coverage of numerous, carefully selected, thematic issues that falls under the rubric of globalization. The book is easy to access for the target readership because of its descriptive analysis style.
Author: John A. Turner Publisher: Routledge ISBN: 1351157345 Category : Business & Economics Languages : en Pages : 197
Book Description
Addressing a previously ignored area, this text analyses two converging factors: globalisation and Korean foreign direct investment policy. It looks at the emergence of the Korean government's globalisation objectives, and at the response of the chaebol, the business groups that brought about their country's rapid industrialisation. The chapters reveal a complex story with political as well as economic dimensions. They also note the impact of the 1997 crisis, and the growing importance of inward investment. The book, therefore, covers developments in Korean economic policy from the Chun-Roh regime to the Kim Dae-Joong era.
Author: Dilip K. Das Publisher: Routledge ISBN: 1134333161 Category : Business & Economics Languages : en Pages : 374
Book Description
The whirlwind of financial globalization has descended upon emerging market economies and rapid change has brought both benefits and problems upon a dynamic group of nations.This book examines the impact of ever increasing financial globalization on emerging market economies, both in the former communist countries of Eastern Europe and the developi
Author: Mr.Tito Cordella
Author: Mr.Tito Cordella
Author: Tito Cordella
Author: Tito Cordella
Author: International Monetary Fund. Research Dept.
Author: Chris Cooper
Author: D. Das
Author: John A. Turner
Author: 
Author: Dilip K. Das
Author: