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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...
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Diese Arbeit will einen Beitrag zur Klärung des Befriffes Globalisierung leisten. Im Rahmen eines einfachen Modells …This article contributes to a clear understanding of important aspects of economic globalization. Specifically, we want … to highlight the ditstributional concerns and how these are related to efficiency aspects of globalization. To this end …
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