In "Common Wealth", Jeffrey D. Sachs-one of the world's most respected economists and the author of The New York Times bestseller "The End of Poverty" offers an urgent assessment of the environmental degradation, rapid population growth, and extreme poverty that threaten global peace and...

"Today's most urgent problems are fundamentally global. They require nothing less than concerted, planetwide action if we are to secure a long-term future. But humanity's story has always been on a global scale, and this history deeply informs the present. In this book, Jeffrey D. Sachs,...

Weltweit steht die Wirtschaft vor einer großen Krise, die unsere ökonomischen Gewissheiten auf den Kopf stellen wird. Jeffrey Sachs führt drastisch vor Augen, dass wir ein neues ökonomisches Paradigma brauchen, um auf unserem Planeten überleben zu können. Er zeigt, welche Rahmenbedingungen...

This paper proposes a model in which the removal of barriers to trade and factor mobility is associated with endogenous fragmentation of the value-added chain. Fragmentation is the outcome of cost competition - the profit-maximizing choice of cost structure by monopolistically competitive firms....

Fragmentation of the value-added-chain is modeled as the reaction of monopolistically competitive firms to the removal of barriers to trade and factor mobility in an integrated trading environment. Since fragmentation requires high-skilled labor, this form of globalization can induce labor...