“Globalization” and Relocation in a Vertically Differentiated Industry
“Globalization” and Relocation in a Vertically Differentiated Industry

Author: Mr.Tito Cordella

Publisher: International Monetary Fund

Published: 1998-04-01

Total Pages: 21

ISBN-13: 1451846711

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This paper uses a vertical differentiation duopoly framework to analyze firms’ relocation decisions, when the removal of trade barriers or restrictions on capital outflows or inflows (“globalization”) allows them to serve the domestic market through foreign plants in low-wage countries. The relocation of the entire industry yields net welfare costs, but the relocation of one (and only one) firm, may be welfare improving. When the economy is “high-(or low-) quality biased,” the relocation of the firm producing the high- (or low-) quality variant is preferred, on welfare terms, to that of other firms, if the wage differential is large enough.

Globalization and Relocation in a Vertically Differentiated Industry
Globalization and Relocation in a Vertically Differentiated Industry

Author: Tito Cordella

Publisher:

Published: 2007

Total Pages: 20

ISBN-13:

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This paper uses a vertical differentiation duopoly framework to analyze firms` relocation decisions, when the removal of trade barriers or restrictions on capital outflows or inflows (globalization) allows them to serve the domestic market through foreign plants in low-wage countries. The relocation of the entire industry yields net welfare costs, but the relocation of one (and only one) firm, may be welfare improving. When the economy is high-(or low-) quality biased, the relocation of the firm producing the high- (or low-) quality variant is preferred, on welfare terms, to that of other firms, if the wage differential is large enough.

IMF Staff papers, Volume 45 No. 3
IMF Staff papers, Volume 45 No. 3

Author: International Monetary Fund. Research Dept.

Publisher: International Monetary Fund

Published: 1998-01-01

Total Pages: 168

ISBN-13: 1451973608

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This paper presents international evidence on the determinants of trade dynamics. It provides some new empirical perspectives on the relationship between international trade and macroeconomic fluctuations in industrial economies. A comprehensive set of stylized facts concerning fluctuations in trade variables and their determinants is presented. A measure of the quantitative importance of international trade for the propagation of domestic business cycles is then constructed, focusing on the role of external trade as a catalyst for cyclical recoveries.

The Economic Dimensions of Globalization
The Economic Dimensions of Globalization

Author: D. Das

Publisher: Springer

Published: 2003-12-18

Total Pages: 227

ISBN-13: 1403938679

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Dilip K. Das succintly covers the principal normative and positive strands that one needs to be properly familiar with in the area of economic globalization. The selection and rejection of themes for coverage in the book has been carefully done. The picture of globalization has been painted with a broad brush. The unique feature that distinguishes it from the competition is its succinct coverage of numerous, carefully selected, thematic issues that falls under the rubric of globalization. The book is easy to access for the target readership because of its descriptive analysis style.

Globalisation and Korean Foreign Investment
Globalisation and Korean Foreign Investment

Author: John A. Turner

Publisher: Routledge

Published: 2017-11-30

Total Pages: 197

ISBN-13: 1351157345

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Addressing a previously ignored area, this text analyses two converging factors: globalisation and Korean foreign direct investment policy. It looks at the emergence of the Korean government's globalisation objectives, and at the response of the chaebol, the business groups that brought about their country's rapid industrialisation. The chapters reveal a complex story with political as well as economic dimensions. They also note the impact of the 1997 crisis, and the growing importance of inward investment. The book, therefore, covers developments in Korean economic policy from the Chun-Roh regime to the Kim Dae-Joong era.

Financial Globalization and the Emerging Market Economy
Financial Globalization and the Emerging Market Economy

Author: Dilip K. Das

Publisher: Routledge

Published: 2004-01-22

Total Pages: 374

ISBN-13: 1134333161

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The whirlwind of financial globalization has descended upon emerging market economies and rapid change has brought both benefits and problems upon a dynamic group of nations.This book examines the impact of ever increasing financial globalization on emerging market economies, both in the former communist countries of Eastern Europe and the developi

Tourism in the Age of Globalisation
Tourism in the Age of Globalisation

Author: Chris Cooper

Publisher: Routledge

Published: 2005-06-29

Total Pages: 360

ISBN-13: 1134614012

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This book contributes to the clarification and systemisation of modern notions of tourism, examining the trend of globalisation to provide a review of contemporary tourism challenges.

Multinational Firms
Multinational Firms

Author: John Dunning

Publisher: Routledge

Published: 2001-12-13

Total Pages: 320

ISBN-13: 1134489684

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At the turn of the century, questions about multinational firms' strategies as regards the forces, on the one hand, of globalization and, on the other hand, of the regional and local dimensions are very much to the fore. What are the new constraints and the new theories to explain global-local multinationals' strategies at the beginning of this new