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"Globalization is a complex phenomenon involving the mobility of goods, capital, labour and ideas across country … borders. From an economic point of view, two waves of globalization have been identified by scholars so far. The first wave … protectionist pressures. This collection of essays studies the implications of this second wave of globalization for national …
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Quantifying the effects of trade policy in the age of "global value chains" (GVCs) requires an enhanced analytical framework that takes the observed international input-output relations in due account. However, existing quantitative general equilibrium models generally assume that industry-level...
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