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Bhagwati and Brecher (1980) showed that when the relative amount of foreign-owned factors in the host country is sufficiently large as to induce a change in the direction of the trade pattern, immiserising tariff reductions may occur. Here it is shown that in the mirror case when foreign-owned...
Persistent link: https://www.econbiz.de/10005640606
Using a general equilibrium model of a protected developing economy, we demonstrate that imperfect labor mobility may eliminate the possibility of immiserizing growth from foreign investment in an export enclave by allowing job creation to countervail losses in tariff revenue.
Persistent link: https://www.econbiz.de/10010600162
This paper aims to determine the role of EU in Turkey’s trade flows by using the gravity model. It also aims to test whether the Customs Union (of EU) that Turkey entered in 1996 made a deviation in Turkey’s trade flows. Regional trade agreements on the one hand create new trade...
Persistent link: https://www.econbiz.de/10005558794
the Brazilian economy, its participation in the process of globalization has been limited so far, except for the movement …
Persistent link: https://www.econbiz.de/10012628664
Despite the widespread use of the concept there is neither a consistent theoretical construction nor a clear definition of globalisation. Although the debate between pro and anti globalisation scholars and activists is interesting, it largely fails to address globalisation as a fundamental...
Persistent link: https://www.econbiz.de/10003753779
The rapid rise in global fragmentation - foreign investment, global supply chains, and 'production sharing' - is fundamentally reshaping the multilateral trading system. This paper uses a simple economic modeling framework to understand how the global fragmentation phenomenon may reshape the...
Persistent link: https://www.econbiz.de/10010240627
investment treaty provisions to ensure a prudent and coherent governance of the globalization of state capitalism …
Persistent link: https://www.econbiz.de/10013106999
As demonstrated by preliminary data released by the United Nations Conference on Trade and Development (UNCTAD), in 2012, global foreign direct investment (FDI) inflows declined by 18.3% - to as low as $ 1.3 trillion, which is practically the same as the level recorded over the crisis period....
Persistent link: https://www.econbiz.de/10013086073
The article discusses the concept of globalization from different points of view, evolution, ideological support … globalization cannot reach its positive potential, but will contribute to deepen the gap between most countries and some powerful … nations in fields of economics, science, technology, politics, and military defense. All this makes globalization an …
Persistent link: https://www.econbiz.de/10013086890
In this present study, we introduce a definition of the globalization concept by referring many sources and identify it … globalization by considering examples from different organizations. We also enumerate and discuss Walmart's global business …
Persistent link: https://www.econbiz.de/10012910377