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literature are twofold. First, we develop a simple model that brings together the insights from modern trade theory (Melitz, 2003 …) with those of contract theory in corporate finance (Holmstrom and Tirole, 1998) to show that increased openness to trade …
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The debate on the ‘end of neoliberalism’ is founded upon a conceptual weakness that tends to be replicated with analysis applying the concept of ‘capitalism’. Both concepts are often used in a totalizing fashion, whereby the entire global system of national economies are lumped together...
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