The Laws of Globalization and Business Applications employs a
variety of empirical methodologies to establish two broad
regularities that apply to international activity at the firm,
industry, and country levels - the law of semiglobalization and the
law of distance - and explores some of their implications for
business. Part I presents evidence in support of the law of
semiglobalization at the country and the business levels
historically and up to the present. Part II performs an analogous
function regarding the second law of globalization, showing that
the gravity models that international economists have used to
analyze merchandise trade between countries also apply to other
types of international interactions - and at the industry and firm
levels as well. Part III applies these laws to various challenges
and opportunities that distance along various dimensions presents
to multinational firms. A free online appendix provides additional
data, analysis, and documentation to support research applications.
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