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, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We …
Persistent link: https://www.econbiz.de/10013039764
In Capital in the 21st Century, Thomas Piketty uses the market value of tradeable assets to measure both productive capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer wealth, which have grown enormously over the last 300...
Persistent link: https://www.econbiz.de/10013029017
Proponents of globalization often conclude that its critics are ignorant or self-motivated. In doing so, they have … missed a valuable opportunity to discover both how best to communicate the benefits of globalization, and how to improve on … the current model of globalization. This paper examines the values, beliefs and facts that lead critics to the view that …
Persistent link: https://www.econbiz.de/10013065371
This paper provides a general and unified framework to study the role of production networks in international GDP …
Persistent link: https://www.econbiz.de/10012867903
The location of US multinational foreign R&D has shifted significantly to include emerging markets in addition to traditional Western R&D hubs, resulting in two challenges for multinationals: (1) how to transfer knowledge across geographic distances, and (2) how to facilitate learning when local...
Persistent link: https://www.econbiz.de/10012922984
What is the impact of firms that cross-list, issue depositary receipts, or raise capital in international stock markets … international firms migrates from domestic to international markets and the reduction in domestic liquidity of international firms … liquidity shifts out of domestic firms and into international firms …
Persistent link: https://www.econbiz.de/10013234046
,' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars … over the last two decades, but it was still, in 1990, only about 7 percent of world output. The share was higher, at 15 …, international organizations, and the press, these numbers are a reminder of how large a proportion of economic activity is confined …
Persistent link: https://www.econbiz.de/10013238944
of China into the world economy may hurt countries that are driven to specialize in production due to HMEs, although …
Persistent link: https://www.econbiz.de/10013035693
markets. One of the distinguishing features of the R&D globalization phenomenon is its concentration within the software … three important phenomena: (1) the globalization of R&D, (2) the growing importance of software and IT to firm innovation … large quantities of STEM workers who possessed IT and software skills. Our findings support the view that the globalization …
Persistent link: https://www.econbiz.de/10012916620
The explosion of multinational activities in recent decades is rapidly transforming the global landscape of industrial production. But are the emerging clusters of multinational production the rule or the exception? What drives the offshore agglomeration of multinational firms in comparison to...
Persistent link: https://www.econbiz.de/10013149830