evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across … 74 countries over the period 1989-2000, we find that Tobin's "q" does not rise after internationalization, even relative … to firms that do not internationalize. Instead, "q" rises significantly one year before internationalization and during …

In this paper, we have two main objectives: to investigate the links between globalization and poverty observed in …

. Late nineteenth century trade globalization may have helped generate the "first wave" of democratization. Between 1920 and …

globalization. Globalization leads to better matches for all southern workers but only for the best northern workers. As a result …, we show that globalization increases wage inequality in the South but not necessarily in the North. We also study how … globalization affects the size distribution of firms and the patterns of consumption and trade in the global economy …

impact of financial globalization has been remarkably limited. I argue that country attributes are still critical to … ability of a country to take advantage of financial globalization. The twin agency problems help explain why the impact of … financial globalization has been limited and why financial globalization can lead to capital flight and financial crises. The …

Proponents of globalization often conclude that its critics are ignorant or self-motivated. In doing so, they have … missed a valuable opportunity to discover both how best to communicate the benefits of globalization, and how to improve on … the current model of globalization. This paper examines the values, beliefs and facts that lead critics to the view that …