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We revisit the hypotheses of unequal exchange and deterioratingterms of trade in the specific context of import-intensive, export-led strategies of developing countries which rely on integration intoGVCs for access to markets in developed countries using a stylizedtwo-country two-commodity...
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globalists - the two main traditions within the globalization-regionalization debate. Second, we uncover an interesting de …
Persistent link: https://www.econbiz.de/10012773443
decisions, when the removal either of trade barriers or of restrictions on capital outflows/inflows (globalization) allows them … yields the relocation of the whole industry, autarchy is strictly better, in welfare terms, than globalization. It is only … when relocation is a dominant strategy for one (and only one) of the firms, that globalization may be unambiguously welfare …
Persistent link: https://www.econbiz.de/10014215860
This paper extends the global sourcing model with informal labor, which spawns reputation and legal costs for violating the rules and regulations imposed on foreign firms regarding accessing informal labor under integration. Under these circumstances, foreign firms, facing a higher cost than...
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This paper deploys Transaction Cost Economics (TCE) to elaborate on the shortcomings of mainstream transfer pricing in multinational firms. Departing from the notion that multinationals increasingly (re-)organize their business along multinational value chains irrespective of jurisdictional...
Persistent link: https://www.econbiz.de/10012711833
This research adopted an exploratory, case-based theorising approach and empirically examined the model of forces influencing the speed of internationalization developed by Oviatt and McDougall (2005). This study proposed a 4-by-4 matrix consisting of the time axis and the speed axis in order to...
Persistent link: https://www.econbiz.de/10013113365
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