Countries subject to the same degree of exposure to globalization may experience very different levels of economic insecurity depending on social support or employment protections provided by the state or even due to insurance obtained by households. We identify five varieties of industrialized...

Imports are linked to higher cost mark-ups and firm profits, and the gains from such non-competitive imports - the result of offshoring - are increasingly associated with the reinvestment of these higher profits. Our regression analysis of 35 US manufacturing and service industries over the...

There is a widespread belief that economic policy prescriptions, especially in international economics, are of grave importance for individual and national well being. Milberg contends, however, that there is little thought given to how such prescriptions follow from the theoretical models used...

While the debate over whether and why convergence between national productivity rates between countries over time has occurred is a lively one, the discussion has largely ignored two issues: the development of a generalized theoretical model of cross-country growth patterns that could explain...

With the steady growth of global value chains (GVCs), each country's trade now has a more complex relationship with the international division of labor. We decompose the employment effects of a country's trade into five components, specifically the labour content (1) in exports, (2) in imports,...

The recent large and rapid slowdown in economic activity has resulted in even larger and more rapid declines in international trade. As world trade is set to rebound, this paper addresses three questions: (i) Will trade volumes rebound in a symmetric fashion as world economic growth rebounds?...