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the winner firm manufacturing in the North. The other is outsourcing-targeted R&D race, which culminates in the winner … firm manufacturing in the South. In equilibrium, manufacturing costs are lower in the South, but engaging in outsourcing … globalization by considering a reduction in the resource-requirement in outsourcing-targeted R&D (triggered by reduced communication …
Persistent link: https://www.econbiz.de/10005489467
This paper provides a variety of evidence that shows that in Asia, aid leveraged private investment in the long run, while in Africa the correlation between aid and domestic investment was at best ambiguous. Aid in Africa was diametrically opposite to that of Asia in terms of the amounts the...
Persistent link: https://www.econbiz.de/10005650743