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reform were trade and foreign investment. India has felt the impact of globalization through increased prosperity, partly … resultant prosperity. We also emphasize that enforcing regulations is a complex task given corruption, informal markets, and the … inability of citizens to cooperate and form effective lobbies. Preliminary calculations using data from the World Bank show that …
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We show that traditional gravity variables play a significant role in explaining trade flows related to global value chain participation. We find evidence that cooperation costs - measured by linguistic and geographical proximity - are more relevant for trade that reflects cross-border...
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