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to Brazil, China, Japan, and the U.S.. The period under study is 1980 to 2001 and we distinguish in our analysis between …
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Since the 1980s, competitive pressure has increased in the world economy. In addition to traditional trade flows, the globalisation of production and markets has greatly enhanced the complexity of the international division of labour. Declining transaction and information costs have stimulated...
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, Japan and the United States engaged in outsourcing of relatively labor intensive segments of the value chain, especially on … differed considerably between Germany, Japan and the United States. Economic restructuring was least pronounced in the US …
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