The paper analyzes the labor market effects of globalization when foreign market entry is costly and risky. With … cannot easily switch industries and wages are inflexible in the short run, globalization tends to increase unemployment. In … popular views about the globalization effects in the U.S. and continental Europe. The results also suggest that the welfare …

countries it exchanges knowledge with. The diffusion of knowledge throughout the world explains a period of increasing world …. Knowledge diffusion through a Small World network produces an extraordinary diversity of country growth performances, including … the overtaking of individual countries and the replacement of the technologically leading country in the course of world …