globalization and stronger protection of intellectual property are analysed. It is shown that globalization leads to more copying of … intellectual property protection has the opposite steady-state effects and thus serves to moderate the effects of globalization. …

aspects of globalization are studied: increases in the size of the South (i.e., countries like China joining the world trading …

If the price effect of opening up a developing economy may be expected to act as a disincentive for investment in human … sometimes be in its interest to democratize by subsidizing education when the economy is closed, incentives to do so disappear … when the economy is open to trade or factor flows. …

countries. We further show that globalization - interpreted as either market integration or increased product market competition …

The new conventional wisdom on globalization emphasizes that reaping the benefits of trade and financial integration is … continue to pose an important constraint on the world economy. In reality, lack of openness is no longer the binding constraint … for the global economy. The gains to be reaped by further liberalization of markets are meager for poor and rich countries …

To examine the impact of globalization on managerial compensation, we consider a matching model where a number of firms … compete both in the product market and in the managerial market. We show that globalization, that is, the simultaneous …

equity changes as globalization takes place. This is because the launch of the single currency has led to the elimination of … among EU investors. We focus not only on the impact of globalization on the level of the cost of equity, but also on the …