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Economic globalization causes an increasing international fragmentation (disintegration) of value-added-chains, whereby …
Persistent link: https://www.econbiz.de/10010294506
This article contributes to a clear understanding of important aspects of economic globalization. Specifically, we want … to highlight the distributional concerns and how these are related to efficiency aspects of globalization. To this end …. Globalization scenarios may, however, also entail a real income loss for the economy as a whole if they entail a deterioration of …
Persistent link: https://www.econbiz.de/10010294542
globalization. It then uses simple graphical tools to address, in a general way, several questions that appear relevant from western …
Persistent link: https://www.econbiz.de/10010294567
The paper uses a specific-factors framework to address efficiency and distributional implications of international fragmentation which is driven by a foreign location advantage due to a low wage rate. Focusing on the cost-savings linkage between fragmentation and labor demand in the remaining...
Persistent link: https://www.econbiz.de/10010294583
A distinctive feature of the present wave of economic globalization is that the principle of world-wide arbitrage is …
Persistent link: https://www.econbiz.de/10010294605
I develop a generalized factor price frontier which incorporates endogenous adjustment of international fragmentation in multistage production, allowing for a continuum of stages. This allows us to address fragmentation, not only as an exogenous event, but also as an integral part of endogenous...
Persistent link: https://www.econbiz.de/10010294622
We employ Dunning's eclectic paradigm (OLI) to shed light onto low fare airlines' (LFA) internationalization strategies. In addition to 31 European LFA, we also analyze the internationalization strategies of 41 LFA in the Asia-Pacific region. The results indicate that in Europe rather homogenous...
Persistent link: https://www.econbiz.de/10010309341