Distance, Globalization, and International Trade

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Author :
Publisher :
ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Distance, Globalization, and International Trade by : Ingo Borchert

Download or read book Distance, Globalization, and International Trade written by Ingo Borchert and published by . This book was released on 2017 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a long time globalization could be seen everywhere but in gravity estimates. We offer evidence how globalization affects manufacturing trade over the period 1986-2006 and show that, on average, the effect of distance has fallen whereas the effects of proximity and regional trade agreements have increased over time. We also document substantial cross-country heterogeneity in the extent to which distance elasticities have changed. Countries in the middle of the per-capita income distribution have seen the steepest fall in distance coefficients. At the same time, distance as a trade friction has not lost its bite for a number of low income countries, which may jeopardize their integration into global markets. We present suggestive evidence that the heterogeneous change in distance elasticities is related to secular shifts in the composition of exports.

The Laws of Globalization and Business Applications

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Publisher : Cambridge University Press
ISBN 13 : 1107162920
Total Pages : 413 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis The Laws of Globalization and Business Applications by : Pankaj Ghemawat

Download or read book The Laws of Globalization and Business Applications written by Pankaj Ghemawat and published by Cambridge University Press. This book was released on 2017 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains not only why the world isn't flat but also the patterns that govern cross-border interactions.

Trade Among Nations: Dimensions; Proportions; Directions

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Publisher : World Scientific
ISBN 13 : 981121333X
Total Pages : 191 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Trade Among Nations: Dimensions; Proportions; Directions by : Michael Michaely

Download or read book Trade Among Nations: Dimensions; Proportions; Directions written by Michael Michaely and published by World Scientific. This book was released on 2020-01-14 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this new global era, the rising degree of interconnectedness between countries is giving rise to higher levels of trade. Trade Among Nations: Dimensions; Proportions; Directions presents an empirical study of several salient attributes of the size and patterns of trade among nations. It addresses the importance of trade in a nation's economic activity and its change over time, structural attributes of trade flows, and the directions of these flows. By exploring historical data and employing alternative and novel methods of analysis, Trade Among Nations uncovers new insights in the areas of global and intra-industry trade that go beyond conventional wisdom, and answers the age-old question since the dawn of globalization — should the world become more or less 'global' in trade?

On the Geography of Trade

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 63 pages
Book Rating : 4./5 ( download)

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Book Synopsis On the Geography of Trade by : Céline Carrere

Download or read book On the Geography of Trade written by Céline Carrere and published by World Bank Publications. This book was released on 2004 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: It has been widely argued that, with the decline in trade costs (e.g., transport and communication costs), the importance of distance has declined over time. This paper examines the evolution of the geographic profile of countries' trade by studying the evolution of their distance of trade (DOT) in 1962-2000. The paper find that the DOT falls over time for the average country in the world, and that the number of countries with declining DOT is close to double those with increasing DOT. Thus, distance seems to have become more important over time for a majority of countries. The paper examines various hypotheses in order to explain the evolution of the DOT. One of the conclusions is that its evolution is unrelated to that of the overall level of trade costs but depends on the relative evolution of its components. We also examine the impact on the DOT of changes in production costs, customs costs, domestic transport costs, of air relative to land and ocean transport costs, of competition, exchange rate policy, regional integration, uneven growth, counter-season trade, and "just-in-time inventory management." The paper also offers some insights into how these changes may affect the home bias in consumption and the border effect.

Long Live Globalization: Geopolitical Shocks and International Trade

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Long Live Globalization: Geopolitical Shocks and International Trade by : Mr. Serhan Cevik

Download or read book Long Live Globalization: Geopolitical Shocks and International Trade written by Mr. Serhan Cevik and published by International Monetary Fund. This book was released on 2023-10-27 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are we really witnessing the death of globalization? A multitude of shocks over the past three years has unsettled the conventional wisdom on economic integration and fueled widespread calls for protectionist and nationalist policies. Using an extensive dataset with more than 4 million observations, I develop an augmented gravity model of bilateral trade flows among 59,049 country-pairs over the period 1948–2021 and find that the much-debated geopolitical alignment between countries has contradictory and statistically insignificant effects on trade, depending on the level of economic development. Moreover, the economic magnitude of this effect is not as important as income or geographic distance and it diminishes significantly when extreme outliers are removed from the sample. The empirical analysis presented in this paper also confirms that the level of income in both origin and destination countries has a positive impact on trade, while the greater the distance between countries, the smaller the flow of bilateral trade due to higher trade costs. Cultural similarities and historical ties are also important in shaping trade flows, just like trade agreements that tend to lead to higher level of international trade.

An Analysis of Pankaj Ghemawat's Distance Still Matters

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Author :
Publisher : Taylor & Francis
ISBN 13 : 042981898X
Total Pages : 98 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis An Analysis of Pankaj Ghemawat's Distance Still Matters by : Alessandro Giudici

Download or read book An Analysis of Pankaj Ghemawat's Distance Still Matters written by Alessandro Giudici and published by Taylor & Francis. This book was released on 2018-05-20 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Distance Still Matters" is an influential Harvard Business Review article. In this work, Ghemawat proposes the CAGE distance framework that allows firms to consider four dimensions of international distance (cultural, administrative, geographic, and economic) when planning global expansion. Then, he demonstrates the usefulness of the framework with a practical case of a company that identified a better market for expansion by factoring in the effects of distance. "Distance Still Matters" is considered a seminal work in international business literature and a major contribution to the globalization debate that appears on the core reading list of most international business courses.

We are living in an era of globalisation, yet there is evidence that distance still matters, and increasingly so

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Publisher : GRIN Verlag
ISBN 13 : 363881677X
Total Pages : 20 pages
Book Rating : 4.6/5 (388 download)

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Book Synopsis We are living in an era of globalisation, yet there is evidence that distance still matters, and increasingly so by : Arturo Minet

Download or read book We are living in an era of globalisation, yet there is evidence that distance still matters, and increasingly so written by Arturo Minet and published by GRIN Verlag. This book was released on 2007-07-10 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2007 in the subject Economics - International Economic Relations, grade: 1,0, University of Warwick (University of Warwick, UK, Dep. of Economics), course: International Economic Systems since 1918, language: English, abstract: The current debate on globalization has raised an important question for economists: Is the world really becoming a ‘global village’ with a ‘weightless economy’? In accordance with Cairncross’s best-selling book The Death of Distance (2001) some economists have argued that falling transportation and communication costs are leaving ‘distance’ a negligible factor in the assessment of barriers to trade and integration of the world economies. Yet there is not enough funded evidence for this. Recent studies on the importance of education suggest that knowledge, as the ‘basic commodity’ of the 21st century and major source of future growth, makes industries and thus trade more independent of traditional physical fetters. On the contrary, it is not clear to what extent transportation costs have generally declined. Moreover it is uncertain whether the decline in shipping costs affects distant and proximate transport equally. An emerging literature is trying to give consistent explanations for the puzzling persistence of the distance effect on trade flows and economic development. In this essay we will discuss some of the evidence found so far, that distance is still ‘alive’.

Cultural Differences and Economic Globalization

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Publisher : Routledge
ISBN 13 : 1317485963
Total Pages : 261 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Cultural Differences and Economic Globalization by : Roger White

Download or read book Cultural Differences and Economic Globalization written by Roger White and published by Routledge. This book was released on 2015-10-23 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic globalization is the process of increased integration among nations, characterized and fostered by three elements of international trade- goods and services, international capital flows, and international migration. In recent decades, international economic integration has increased both in depth (more pronounced bilateral connections) and in breadth (connections have become more commonplace), thus, the global economy has become increasingly integrated. Societies receive tremendous net benefits from economic globalization, however, accessing these benefits may be limited by cross-societal cultural differences. This book examines cultural differences as a potential impediment to economic integration. Relying on rigorous statistical and econometric techniques, the analyses indicate that higher transaction costs, due to greater cultural distance, inhibit both the volume of trade flows and the successful completion of trade deals. Cultural distance appears to reduce foreign direct investment, as well as divert investment to less culturally-distant destinations. This book finds a negative relationship between migration flows and cultural distance. It considers the common criticism that repeated and intensified integration diminishes cultural differences, resulting in cultural homogeneity. This book offers the first comprehensive examination of the relationships between cross-societal cultural differences and economic globalization. It will be of great interest to scholars and students who study globalization, international economics, and cultural studies.

Surviving Supply Chain Integration

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Publisher : National Academies Press
ISBN 13 : 0309173418
Total Pages : 162 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Surviving Supply Chain Integration by : National Research Council

Download or read book Surviving Supply Chain Integration written by National Research Council and published by National Academies Press. This book was released on 2000-03-23 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: The managed flow of goods and information from raw material to final sale also known as a "supply chain" affects everythingâ€"from the U.S. gross domestic product to where you can buy your jeans. The nature of a company's supply chain has a significant effect on its success or failureâ€"as in the success of Dell Computer's make-to-order system and the failure of General Motor's vertical integration during the 1998 United Auto Workers strike. Supply Chain Integration looks at this crucial component of business at a time when product design, manufacture, and delivery are changing radically and globally. This book explores the benefits of continuously improving the relationship between the firm, its suppliers, and its customers to ensure the highest added value. This book identifies the state-of-the-art developments that contribute to the success of vertical tiers of suppliers and relates these developments to the capabilities that small and medium-sized manufacturers must have to be viable participants in this system. Strategies for attaining these capabilities through manufacturing extension centers and other technical assistance providers at the national, state, and local level are suggested. This book identifies action steps for small and medium-sized manufacturersâ€"the "seed corn" of business start-up and developmentâ€"to improve supply chain management. The book examines supply chain models from consultant firms, universities, manufacturers, and associations. Topics include the roles of suppliers and other supply chain participants, the rise of outsourcing, the importance of information management, the natural tension between buyer and seller, sources of assistance to small and medium-sized firms, and a host of other issues. Supply Chain Integration will be of interest to industry policymakers, economists, researchers, business leaders, and forward-thinking executives.

Changing Patterns of Global Trade

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1463973101
Total Pages : 87 pages
Book Rating : 4.4/5 (639 download)

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Book Synopsis Changing Patterns of Global Trade by : Nagwa Riad

Download or read book Changing Patterns of Global Trade written by Nagwa Riad and published by International Monetary Fund. This book was released on 2012-01-15 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.

Globalization and International Trade Policies

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Publisher : World Scientific
ISBN 13 : 9812798099
Total Pages : 794 pages
Book Rating : 4.8/5 (127 download)

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Book Synopsis Globalization and International Trade Policies by : Robert Mitchell Stern

Download or read book Globalization and International Trade Policies written by Robert Mitchell Stern and published by World Scientific. This book was released on 2009 with total page 794 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together a collection of papers that Robert M Stern and his co-authors have written in recent years. The collection addresses a variety of issues pertinent to the global trading system. One group of papers deals with globalization in terms of what the public needs to know about this phenomenon and the role of the World Trade Organization (WTO), whether some countries may be hurt by globalization, how global market integration relates to national sovereignty, and how and whether considerations of fairness are and should be dealt with in the global trading system and WTO negotiations. A second group of papers consists of analytical and computational modeling studies of multilateral, regional, and bilateral trading arrangements and negotiations from a global and national perspective for the United States and other major trading countries. The remaining papers include an empirical analysis of barriers to international services transactions and the consequences of liberalization, and issues of international trade and labor standards. Sample Chapter(s). Chapter 1: Introduction and Overview (97 KB). Contents: Globalization: What the Public Should Know about Globalization and the World Trade Organization (A V Deardorff & R M Stern); Globalization''s Bystanders: Does Trade Liberalization Hurt Countries That Do Not Participate? (A V Deardorff & R M Stern); Global Market Integration and National Sovereignty (A G Brown & R M Stern); Concepts of Fairness in the Global Trading System (A G Brown & R M Stern); Analysis of Multilateral, Regional, and Bilateral Trading Arrangements: Multilateral Trade Negotiations and Preferential Trading Arrangements (A V Deardorff & R M Stern); An Overview of the Modeling of the Choices and Consequences of US Trade Policies (A V Deardorff & R M Stern); Issues of Manufactures Liberalization and Administered Protection in the Doha Round (A V Deardorff & R M Stern); An Assessment of the Economic Effects of the Menu of US Trade Policies (K Kiyota & R M Stern); Trade Diversion Under NAFTA (K Fukao et al.); Some Economic Effects of the Free Trade Agreement between Tunisia and the European Union (D K Brown et al.); A North American Free Trade Agreement: Analytical Issues and a Computational Assessment (D K Brown et al.); Computable General Equilibrium Estimates of the Gains from US-Canadian Trade Liberalization (D K Brown & R M Stern); The Effects of the Tokyo Round on the Structure of Protection (A V Deardorff & R M Stern); Services Trade: Empirical Analysis of Barriers to International Services Transactions and the Consequences of Liberalization (A V Deardorff & R M Stern); International Trade and Labor Standards: Pros and Cons of Linking Trade and Labor Standards (D K Brown et al.); The Effects of Multinational Production on Wages and Working Conditions in Developing Countries (D K Brown et al.); US Trade and Other Policy Options and Programs to Deter Foreign Exploitation of Child Labor (D K Brown et al.); Labor Standards and International Trade (R M Stern). Readership: Upper-level undergraduates, post graduates, academics, researchers and policy-makers in international trade and finance.

Globalization and Global Justice

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Publisher : Cambridge University Press
ISBN 13 : 1107378559
Total Pages : 249 pages
Book Rating : 4.1/5 (73 download)

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Book Synopsis Globalization and Global Justice by : Nicole Hassoun

Download or read book Globalization and Global Justice written by Nicole Hassoun and published by Cambridge University Press. This book was released on 2012-03-22 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: The face of the world is changing. The past century has seen the incredible growth of international institutions. How does the fact that the world is becoming more interconnected change institutions' duties to people beyond borders? Does globalization alone engender any ethical obligations? In Globalization and Global Justice, Nicole Hassoun addresses these questions and advances a new argument for the conclusion that there are significant obligations to the global poor. First, she argues that there are many coercive international institutions and that these institutions must provide the means for their subjects to avoid severe poverty. Hassoun then considers the case for aid and trade, and concludes with a new proposal for fair trade in pharmaceuticals and biotechnology. Globalization and Global Justice will appeal to readers in philosophy, politics, economics and public policy.

Globalization and Global Justice

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Author :
Publisher :
ISBN 13 : 9781139341691
Total Pages : 235 pages
Book Rating : 4.3/5 (416 download)

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Book Synopsis Globalization and Global Justice by : Nicole Hassoun

Download or read book Globalization and Global Justice written by Nicole Hassoun and published by . This book was released on 2012 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows how globalization shrinks distance, thereby expanding international obligations to aid the poor and make free trade fair.

Cultural Differences and Economic Globalization

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Author :
Publisher : Routledge
ISBN 13 : 1317485955
Total Pages : 291 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Cultural Differences and Economic Globalization by : Roger White

Download or read book Cultural Differences and Economic Globalization written by Roger White and published by Routledge. This book was released on 2015-10-23 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic globalization is the process of increased integration among nations, characterized and fostered by three elements of international trade- goods and services, international capital flows, and international migration. In recent decades, international economic integration has increased both in depth (more pronounced bilateral connections) and in breadth (connections have become more commonplace), thus, the global economy has become increasingly integrated. Societies receive tremendous net benefits from economic globalization, however, accessing these benefits may be limited by cross-societal cultural differences. This book examines cultural differences as a potential impediment to economic integration. Relying on rigorous statistical and econometric techniques, the analyses indicate that higher transaction costs, due to greater cultural distance, inhibit both the volume of trade flows and the successful completion of trade deals. Cultural distance appears to reduce foreign direct investment, as well as divert investment to less culturally-distant destinations. This book finds a negative relationship between migration flows and cultural distance. It considers the common criticism that repeated and intensified integration diminishes cultural differences, resulting in cultural homogeneity. This book offers the first comprehensive examination of the relationships between cross-societal cultural differences and economic globalization. It will be of great interest to scholars and students who study globalization, international economics, and cultural studies.

International Provision of Trade Services, Trade, and Fragmentation

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4./5 ( download)

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Book Synopsis International Provision of Trade Services, Trade, and Fragmentation by : Alan V. Deardorff

Download or read book International Provision of Trade Services, Trade, and Fragmentation written by Alan V. Deardorff and published by World Bank Publications. This book was released on 2001 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author examines the special role that trade liberalization in services industries can play in stimulating trade in both services, and goods. International trade in goods requires inputs from such trade services as transportation, insurance, and finance, for example. Restrictions on services across borders, and within foreign countries add costs, and barriers to international trade. Liberalizing trade in services could also facilitate trade in goods, providing more benefits than one might expect from analysis merely of the services trade. To emphasize the point, the author notes that the benefits for trade are arguably enhanced by the phenomenon of fragmentation. The more that production processes become split across locations, with the fragments tied together, and coordinated by various trade services, the greater the gains from reductions in the costs of services. The incentives for such fragmentation can be greater across countries, than within countries, because of the greater differences in factor prices, and technologies. But the service costs of international fragmentation can also be larger, especially if regulations, and restrictions impede the international provision of services. As a result, trade liberalization in services can stimulate the fragmentation of production of both goods, and services, thus increasing international trade, and the gains from trade even further. Since fragmentation seems to characterize an increasing portion of world specialization, the importance of service liberalization is growing apace.

Migration and International Trade

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1849807213
Total Pages : 233 pages
Book Rating : 4.8/5 (498 download)

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Book Synopsis Migration and International Trade by : Roger White

Download or read book Migration and International Trade written by Roger White and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique book synthesizes and extends the immigrant trade literature and provides comprehensive coverage of this timely and important topic. In that vein, the author contributes to the understanding of the relationship between immigration and trade and sheds light on a noteworthy aspect of globalization that both confronts policymakers with challenges and offers the potential to overcome them. Roger White documents the pro-trade influences that immigrants have on US imports from, and exports to, their respective home countries. Variations in the immigrant trade link are addressed, as are the underlying factors that may determine the existence and operability of that link. The findings have direct implications for US immigration policy, suggesting that too few immigrants are currently admitted to the country and that a more liberal immigration policy may enhance social welfare. This book contains valuable economic analyses for undergraduates, postgraduates, researchers, educated laypersons and practitioners who are interested in public policy, international trade and economics, migration studies, international relations and globalization.

Making Globalization Work

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Author :
Publisher : W. W. Norton & Company
ISBN 13 : 0393330281
Total Pages : 401 pages
Book Rating : 4.3/5 (933 download)

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Book Synopsis Making Globalization Work by : Joseph E. Stiglitz

Download or read book Making Globalization Work written by Joseph E. Stiglitz and published by W. W. Norton & Company. This book was released on 2007-08-28 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nobel Prize winner Stiglitz focuses on policies that truly work and offers fresh, new thinking about the questions that shape the globalization debate.