![]() ![]() firms fragment production internationally, they typically move less skill-intensive activities abroad and keep more skill-intensive activities at home. My research examines how these new aspects of globalization affect labor markets, industry structure, and industry location in national and regional economies. In the current environment, firms are more able to fragment their operations internationally, locating each stage of production in the country where it can be done at the least cost, and transmitting ideas for new products and new ways of making products around the globe. Part of what globalization entails is greater international trade in final goods, but that is by no means the whole story. In standard theoretical models, a fall in trade barriers or transport cost triggers an increase in trade between producers in one country and consumers in another country. ![]() National economies become integrated as the flow of goods and capital across borders expands. Globalization is transforming the ways in which nations interact.
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