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People passionately disagree about the nature of the globalization process. The failure of both the 1999 and 2003 World … official, international organizations like the WTO, the International Monetary Fund (IMF), the World Bank, nongovernmental and …
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This paper analyzes the impact of foreign direct investment (FDI) on the patterns of cyclical dumping (exporting at a price below marginal cost). We consider a global economy where manufacturing is monopolistic-competitive, and productivity is subject to country- specific shocks. Labor is risk...
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