, it is possible to identify a variety of channels through which trade affects the evolution of world income and its …

This paper presents a theoretical study of the effects of globalization on risk sharing and welfare. We model … globalization as a gradual and exogenous increase in the fraction of goods that are tradable. In the absence of frictions …, globalization opens new goods markets and raises welfare. We assume, however, that countries cannot commit to pay their debts …

evolution of intra-German trade flows after reunification then provides new insights for both the globalization and border …

choices and interpret them structurally as reactions, shaped by country-specific characteristics, to exogenous globalization …

sources into those attributable to productivity events in the core and to globalization forces connecting core to periphery …

fact been bell-shaped. We argue that this bell-shaped evolution of wage inequality can be linked to globalization and a … rise in offshoring. To analyze the relationship between globalization, offshoring and relative wages, we develop a general … equilibrium model of trade and offshoring. This reveals that globalization and offshoring have two opposing effects on relative …

In this Paper, we provide a case study of the impact of globalization on income inequality using data across Chinese … demonstrate a greater decline in urban-rural income inequality. Thus, globalization has helped to reduce, rather than increase …

model of production. Globalization is interpreted as a level shock in the supply of unskilled labor to the world economy, a …This paper argues that globalization has led to a shift in developed countries from an industrial to an entrepreneurial … move varieties between life cycle stages, their importance increases due to globalization. The many new opportunities for …