Krautheim, Sebastian; Verdier, Thierry - C.E.P.R. Discussion Papers - 2012
The process of globalization is characterized by an impressive growth in global value chains, as well as the … potential NGO emergence allows firms to capture gains from globalization, which would otherwise be unattainable. We show that … trade costs, would be better-off in a world without NGOs. In an extension we show that NGOs may also crowd out investment in …