Manufacturing industries are in dynamic changes in both developed and developing countries. It has increasingly been argued in the literature that for a company which strives for market competitiveness, it does not suffice just to excel at managing company s assets. Indeed, it has been suggested...

Dass unsere billigen Konsumangebote eine weniger glitzernde Kehrseite haben, dringt kurz in unser Bewusstsein, wenn wieder mal eine Fabrik z.B. in Bangladesch einstürzt, wo Textilarbeiterinnen zu Hungerlöhnen für den Export produzieren (vgl. H. Holdinghausen: "Dreimal anziehen, weg damit",...

Conventional wisdom has it that the return to capital equals the marginal product of capital. Consequently, an equal return to capital across countries is interpreted as evidence that the marginal product of capital is the same across countries. This paper shows that if a firm's elasticity of...