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In this era of globalisation the traditional Ricardian theory of trade in products governed by comparative advantages is replaced by a modern theory of trade in tasks. Tasks are outsourced to those places in the world where the lower production costs outweigh the additional transaction costs...
Persistent link: https://www.econbiz.de/10011256612
We explore the relationship between import protection and the household distribution of income. We first develop a general-equilibrium mapping from tariffs to household inequality measures. This also yields predictions for linkages between tariffs, development level, and observed household...
Persistent link: https://www.econbiz.de/10011257001
We study two aspects of globalization. It allows a decision-maker to go beyond his own local experience and to learn … conditions under which the globalization of markets helps or hurts (i) the communication among decision-makers about their own …
Persistent link: https://www.econbiz.de/10011257292
, ranging from the demise of the communist system, increased globalization, new competition for multinational firms and higher …
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We depart from the trade and wages literature and its emphasis on North-South trade, examining North-North by developing the basic linkages between trade-based integration and relative wages in an Ethier-type division of labor model. Using this model we identify a formal relationship between...
Persistent link: https://www.econbiz.de/10011257407
While the impact of globalization on income inequality has received a lot of attention, little is known about its …
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This paper examines the role of various aspects of globalization for economic growth in ten CEE economies. In contrary … to previous papers, we restrict our analysis solely to the first two decades of transition. Using the globalization … globalization processes, especially in social and economic dimensions. On the other hand, the role of political dimension of …
Persistent link: https://www.econbiz.de/10011257760