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Firms And Workers In A Globalized World: Larger Markets, Tougher Competition (Hardcover)
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Firms And Workers In A Globalized World: Larger Markets, Tougher Competition (Hardcover)
Series: World Scientific Studies in International Economics, 79
Expected to ship within 10 - 15 working days
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Globalization is a complex phenomenon involving the mobility of
goods, capital, labour and ideas across country borders. From an
economic point of view, two waves of globalization have been
identified by scholars so far. The first wave materialized between
the second half of the Nineteenth century and WWI; the second wave
rose after WWII and gained momentum at the end of the Twentieth
century before slowing down in the aftermath of the global
financial crisis due to renewed protectionist pressures. This
collection of essays studies the implications of this second wave
of globalization for national economic performance. In doing so, it
takes a bottom-up approach, building up the macroeconomic
trajectories from the microeconomic effects of globalization on
firms and workers. The collected essays highlight the asymmetry of
responses across firms and workers between and within industries as
well as territories, thus explaining the forces behind the
emergence of 'winners' and 'losers' from globalization. The
collection shows how state-of-the-art models of international
economics and economic geography can be brought to life by
addressing several topical issues in the public debate, ranging
from regional growth and regional decline to international
competition and creative destruction, from innovation patterns to
cultural diversity and from immigration to offshoring.
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