Electronic Resource
Oxford, UK and Boston, USA
:
Blackwell Publishers Ltd
The @world economy
25 (2002), S. 0
ISSN:
1467-9701
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Law
,
Economics
Notes:
In this paper we develop a concept of globalisation at the micro level defined as the exposure of a productivity follower industry in one country to the productivity leader in another country. Globalisation is measured by the intensity of contacts through trade and foreign direct investment. In a simple model and empirically we show that the exposure of a productivity follower to competition with the leader is highly correlated with the productivity gap of this industry. Competition restricted to one region such as Europe, or North America, or the Far East, is not sufficient to achieve highest productivity levels. Moreover, it turns out that foreign direct investment (FDI) has a weight in the globalisation index at least equal to trade. FDI can contribute directly to higher levels of domestic productivity by transferring the best production practices, and put pressure on other domestic producers to improve. The impact of trade on globalisation can be weakened by tariffs and non-tariffs.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/1467-9701.00427
|
Location |
Call Number |
Expected |
Availability |
