This paper develops a general equilibrium model of North-South trade with different wage setting regimes and a nontradeables sector. Simulations confirm that substantial gains from trade openness can be accompanied by a significant deterioration in the position of unskilled Northern workers....

This paper questions the view that foreign direct investment (FDI) is producing an integrated world production and trading system. Although multinational firms have a greater choice of locations than in the past, their recent investments abroad have taken place within a regional, rather than...

The need for better informed copyright policy and management is a huge problem because of the enormous and growing size and scope of the creative industries. In this paper we challenge the prevailing thinking dominating the theoretical literature on the economics of copyrights. By integrating...

Using panel data, we find evidence for significant direct and indirect effects of trade on carbon emissions. Trade tends to increase the emissions burden, especially in those less industrialized countries. We also find evidence for a U-shaped relationship between income per capita and carbon...

This two-volume original reference work provides a comprehensive overview of development economics and comprises contributions by some of the leading scholars working in the field. Authors are drawn from around the world and write on a wide range of topics.