From LDC to Lower Middle Income Country -- From Million to Billion dollar industry -- From First generation to Second generation Entrepreneurs -- Case study: Small garment factory -- Case study: Medium and Large Factory -- Transnational Governance: Accord and Alliance -- Challenges of...

This paper examines how physical climate exposure affects firm performance and global supply chains. We document that heat at supplier locations reduces the operating income of suppliers and their customers. Further, customers respond to perceived changes in suppliers’ exposure: when...

The world economy has become more and more globalized as firms have organized production along global value chains. But more recently, globalization has stalled. This paper shows that higher uncertainty, in combination with better automation technologies, has likely contributed to that trend...