In this paper, we adopt the vertical differentiation duopoly framework to give a full description of firms' relocation decisions, when the removal either of trade barriers or of restrictions on capital outflows/inflows (globalization) allows them to serve the domestic market through foreign...

We provide an overview and synthesis of recent work on models of monopolistic competition with heterogeneous firms in international trade, paying particular attention to competition effects, pass-through, selection effects, and linking distributions of firm characteristics and outcomes. A...

Globalization disrupted the seemingly solid construction emerged in the aftermath of WW II, called the international trade system. For over fifty years, the system grew constantly thanks to the increasing number of countries that joint it as well as to its ubiquitously-accepted rules. For better...

Knowledge, the multinational firm, and the free flow of financial capital seem to be the new and perhaps leading actors in the emerging 21st century global economy. From a comparative basis and relating this variables we attempt in this paper to study and explore what we consider are basic...

This paper deepens into the initial conditions that explain about the expansion of the nation-state particularly referring to the Colombia case, indicating how some political and economic facts present during the 19th century led to a first globalization attempt. This paper also reflex the...

Technological development and enlargement of investment currents during the second half of the 19th century and early twentieth century started an era of emerging global economy. Conditions are now given so a global market will spread during the 21st century, where the Nation-state will have to...

National and multinational companies coexist in many sectors of all developed countries. However, economic models fail to reproduce this fact because of the assumption of symmetry between companies. To show that the symmetry assumption is the reason for this failure, a two-country general...

We adapt Yeaple's (2005) heterogeneous agent framework to model firms in the North as making explicit offshore outsourcing decisions to cheap-labor economies. We highlight how firms' technology transformations due to globalization will induce skill upgrading in the North, increase aggregate...

In this paper, we adopt the vertical differentiation duopoly framework to give a full description of firms’ relocation decisions, when the removal either of trade barriers or of restrictions on capital outflows/inflows (‘globalization’) allows them to serve the domestic market through...