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This paper analyses theoretically and empirically the relationship between trade and war. We show that the intuition that trade promotes peace is only partially true even in a model where trade is beneficial to all, war reduces trade and leaders take into account the costs of war. When war can...
Persistent link: https://www.econbiz.de/10005504509
This paper shows that endogenous adjustments in the composition of labour supplies magnify the effects of changes in commodity prices on the measured skill premium under quite plausible conditions. These composition effects arise from decisions of individuals with heterogeneous inherent...
Persistent link: https://www.econbiz.de/10005505266
Persistent link: https://www.econbiz.de/10005442182
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participate fully in globalization. The forest industry has undergone profound changes in recent years in large part by new …. Today, globalization allows investments, capital flows, and emerging technologies to move easily into regions where they are …. Thus, offshore outsourcing is closely associated with globalization. The easy flow of productive factors results in the …
Persistent link: https://www.econbiz.de/10005442346
There are just two Indian construction companies in the ENR 'Top 225 Global Contractors 2006' list and Indian construction companies have only a 0.05% market share of the $3-4 trillion global construction business. International construction experience in India is limited, but enormous scope for...
Persistent link: https://www.econbiz.de/10005445779
The majority of mainstream economists believe that globalization and trade liberalization have had a minor role in … consequences of globalization and trade liberalization than is available in traditional comparative advantage efficiency reasoning …
Persistent link: https://www.econbiz.de/10005446103
Symbolic consumption is assessed as an evolution of previously identified conspicuous consumption, after this has undergone a “de-materialization” that is socially, as much as ecologically, driven. As Veblen observed, the shift of wealth towards new forms of physical and financial capital...
Persistent link: https://www.econbiz.de/10005446141
mega-corporations; and by the accelerating globalization of the industry. This article surveys recent research on insurance … organizational change, and the globalization of insurance and its relationship to economic growth. …
Persistent link: https://www.econbiz.de/10005446317