It has sometimes been argued that "globalization" benefits only a small number of countries, and that this leads to greater marginalization of excluded countries. This paper argues that globalization is not necessarily biased towards greater concentration in international trade and investment...

Divestment by multinational enterprises is an important yet understudied phenomenon. The few available estimates indicate that about a fifth of all foreign affiliates are divested every five years. This paper presents the findings from a novel cross-country firm-level dataset with financial and...

Megafusionen werfen viele Fragen auf: Handelt es sich um die rationale Antwort auf Globalisierung und deregulierte Märkte? Oder entspringen solche Zusammenschlüsse eher dem Machtwillen eines "größenwahnsinnigen" Managements? Und welche wettbewerbspolitischen Konsequenzen haben diese...