-driven and the decision to serve foreign countries via exports or FDI depends on a proximity-concentration trade-off. We … characterize the joint patterns of trade and FDI when countries differ in income distribution and size and show that FDI is more …

We review the literature on the links between technology and international trade. The older literature assumed … exogenous technologies and focused on their effects on the structure of foreign trade and on welfare. Recently much of the … effort has been on explaining technological change. As a result, we also describe the effects of foreign trade on …