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The scholarship on Global Value Chains is very recently recognising the increasing importance of fragmentation of production that involves services – and in particular business services – offshoring. A predominant stand by scholars emerges in this embryonic domain (Blinder, 2006; Gereffi and...
Persistent link: https://www.econbiz.de/10014128780
The process of "redefining" capitalism or reinterpreting capitalism ideologies in a modern context can reveal the virtues of classical economics and the ways they can help solve contemporary global problems. In Redefining Capitalism in Global Economic Development, Kui-Wai Li helps us reconsider...
Persistent link: https://www.econbiz.de/10012832354
investments (FDI) by taking advantage of the random timing of 44 unilateral BIT terminations in India between 2013 and 2019. Using … quarterly bilateral FDI data of 138 investor countries, our difference-in-differences (DD) estimates uncover a significant … reduction in FDI inflows to India in response to BIT terminations in a range between 14 and 28 percent compared to countries …
Persistent link: https://www.econbiz.de/10012835173
We study the impact of international long-distance flights on the global spatial allocation of economic activity. To identify causal effects, we exploit variation due to regulatory and technological constraints which give rise to a discontinuity in connectedness between cities at a distance of...
Persistent link: https://www.econbiz.de/10012978375
This paper closes a gap in the relevant literature by investigating the role of a country's competitiveness on international capital mobility using robust panel multiple regressions with fixed and random effects. In this study, we use the Global Competitiveness Index to measure a country's...
Persistent link: https://www.econbiz.de/10012915105
We study the impact of international long-distance flights on the global spatial allocation of economic activity. To identify causal effects, we exploit variation due to regulatory and technological constraints which give rise to a discontinuity in connectedness between cities at a distance of...
Persistent link: https://www.econbiz.de/10012982869
Illicit financial flows (IFFs) not only deprive developing countries of domestic resources for development, but also pose a continuing challenge for sustained growth, governance, and effective social justice. This paper provides theoretical and empirical evidence on this growing concern for the...
Persistent link: https://www.econbiz.de/10014260415
This paper reviews a growing literature on migration and globalization, focusing on its relevance for developing and emerging economies. It documents the role of diaspora networks in enhancing cross-border flows of goods, capital, and knowledge, eventually contributing to efficient...
Persistent link: https://www.econbiz.de/10011518125
Advanced systems of domestic corporate law generally apply a “no reflective loss” principle to shareholder claims. Shareholder claims are permitted for direct injury to shareholder rights (such as voting rights). But shareholders generally cannot bring claims for reflective loss incurred as...
Persistent link: https://www.econbiz.de/10010463415
Corporate law in advanced domestic legal systems on the one hand, and typical treaties for the protection of foreign investment on the other hand, treat claims for damages by company shareholders differently. Advanced domestic systems generally bar shareholders from claiming for reflective loss...
Persistent link: https://www.econbiz.de/10010463416