The globalisation of the world economy increases international competition among companies. However, not all industries will be affected by the same extent. The degree of globalisation of an industry will be particularly influenced by the level of transaction costs. Low transaction costs will...

The paper examines the current state of competition in a number of sectors that are important for the economy. Because of the country’s small size and isolation, the analysis focuses on barriers to entry, investment and external trade, rather than some standard indicators of competition...

What is the effect of national antitrust policies in a world with international trade? Traditionally, economic analysis of mergers has assumed a closed economy, which—as we show in this paper—may lead to errant policy in an open economy. We use a very simple model to highlight some key...

Die Unternehmen stehen durch die fortschreitende Globalisierung der Weltwirtschaft in einem zunehmend internationalen Wettbewerb, wovon jedoch nicht alle Branchen im gleichen Ausmaß erfasst werden. Determiniert wird der Globalisierungsgrad einer Branche vor allem durch die Höhe der...

Empirical research in international trade has shown that exporting firms display higher productivity than their non-exporting competitors. This paper focuses on the relation between export and profitability. Our evidence on Italian exporting firms shows that exporting activity is not...

The authors present a picture of how the effects of international trade on employment in U.S. manufacturing industries vary widely. They explore the labor-market dynamics and adjustment costs associated with international factors, particularly the way fluctuations in exchange rates, overseas...

Argues that the changeover from the General Agreement on Tariffs and Trade (GATT) to the World Trade Organization (WTO) had little effect on industrialization policies of middle-income countries.

Reviews the key economic characteristics of the globalization process and examines its impact on employment, poverty, inequality, global insecurity, child labour, gender issues and migration. Explores national and international policy responses, highlighting the importance of trade negotiations...

Outlines the global structure of the textiles and clothing industry and reviews trading patterns under the Multi-Fibre Arrangement (MFA), highlighting the impact of trade policies in the European Union and the USA. Examines the issue of labour standards as a new non-tariff barrier to trade....