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In contrast with the classical theory of Arrow and Debreu, a model of a private ownership economy is presented in which production and consumption bundles are treated separately.Each of the two types of bundles is assumed to establish a convex cone.This also offers a point of contrast in...
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This paper deals with two interrelated elements of globalization: Wintelism and cross national production networks which have been underexposed in discussions about globalization.Wintelism refers to the shift in competition away from final assembly and vertical control of markets by final...
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