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economic context, and "fragmentation" as countries seek minilateral solutions that reduce preference diversity. We develop this …
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economics. In contrast to previous studies, we illustrate that globalization does not necessarily lead to specialization. The … analysis is conducted in an extended Dixit-Stiglitz- Ethier framework. Whether globalization leads to specialization or to more … to the optimal degree of specialization we show that globalization can reduce the efficiency of the industrial structure. …
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