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The paper examines the relationship between globalization and public administration through economic theory principles … and an example. Starting from the consideration of early concerns about globalization, it argues that although the size of …
Persistent link: https://www.econbiz.de/10008465830
If the price effect of opening up a developing economy may be expected to act as a disincentive for investment in human capital, the opposite is likely to be true of the income effect, especially in the presence of credit market imperfections among the poor. It is shown in this Paper that this...
Persistent link: https://www.econbiz.de/10005662307
countries. We further show that globalization - interpreted as either market integration or increased product market competition …
Persistent link: https://www.econbiz.de/10005662344
Critics of globalization claim that firms are being driven to shift employment abroad by the prospects of cheaper labor …
Persistent link: https://www.econbiz.de/10005665397
The new conventional wisdom on globalization emphasizes that reaping the benefits of trade and financial integration is … continue to pose an important constraint on the world economy. In reality, lack of openness is no longer the binding constraint … alike. An alternative approach to globalization would focus on enhancing policy space rather than market access, and on …
Persistent link: https://www.econbiz.de/10005666608
To examine the impact of globalization on managerial compensation, we consider a matching model where a number of firms … compete both in the product market and in the managerial market. We show that globalization, that is, the simultaneous …, while the most able managers obtain a wage increase, less able managers are faced with a reduction in wages. Hence our model …
Persistent link: https://www.econbiz.de/10005666641
The design of optimal immigration policy, particularly in the face of the spiraling demand for highly skilled workers, such as IT workers and engineers, is a topical issue in the policy debate as well as the economic literature. In this paper, we present empirical evidence from firm-level data...
Persistent link: https://www.econbiz.de/10005666778
equity changes as globalization takes place. This is because the launch of the single currency has led to the elimination of … among EU investors. We focus not only on the impact of globalization on the level of the cost of equity, but also on the … management is that country effects are becoming smaller and sector effects larger. …
Persistent link: https://www.econbiz.de/10005666905
, it is possible to identify a variety of channels through which trade affects the evolution of world income and its …
Persistent link: https://www.econbiz.de/10005666914
The Paper takes a first look at the host and home country effects of German foreign direct investment (FDI) in Eastern Europe based on new survey data of 1050 investment projects in Eastern Europe by 420 German multinationals during the 1990s. We find that German investors transfer a substantial...
Persistent link: https://www.econbiz.de/10005666929