Using a cross-sectional dataset of 13 manufacturing sectors in 27 Asian developing countries from 2008 to 2022, we investigated the impact of the presence of foreign firms on wages of workers from domestic firms. First, we found that the average wage of workers from foreign firms is higher than...

Economists have long recognized the gains from international trade. The question is, does international trade - or more broadly, globalization - increase growth? Notwithstanding the debates, there are still many questions, old and new, need to be explored in order to improve our understanding on...