The globalization of capital and product markets has many implications for economic welfare. Countries can specialize in the production of goods for which they have comparative advantages, and capital is allocated more efficiently. However, one potentially adverse effect of globalization is the...

Even after two decades of research on globalization, we still face open questions about the interplay between national capitalist nstitutions and transnational economic governance. How does embeddedness into transnational institutions influence national capitalist orders? How do national...