In this paper we develop a new concept of globalization defined as the exposure of a productivity follower industry in … one country to the productivity leader in another country. Globalization is measured by the intensity of contacts through …. Moreover, it turns out that FDI has a weight in the globalization index at least equal to trade. FDI can contribute directly to …

To examine the impact of globalization on managerial compensation, we consider a matching model where firms compete … both in the product market and in the managerial market. We show that globalization, that is, the simultaneous integration …

We examine how globalization affects firms incentives to train workers. In our model, firms invest in productivity … firms in countries with different training systems face globalization of product markets. In particular, apprenticeship …