This paper uses the sudden surge in Chinese competition faced by Brazil's manufacturers in the 2000s to revisit the findings from the literature on how productivity, innovation, and employment were impacted by the Great Liberalizationa period of massive trade opening in the early 1990s in Latin...

This paper uses the Brexit referendum in 2016 as a quasi-natural experiment to estimate the effect of an exogenous negative shock to globalization on executive compensation for German companies listed in the DAX and MDAX stock indices. We show that it matters whether they work for firms...

Manufacturing in Latin America and the Caribbean region (LAC) faces severe competitive stresses as it integrates into the global economy. It is not, on the whole, coping well. Though it was the first region in the developing world - in the post-war era - to liberalize on international trade and...

Using the growth accounting and factor content approaches, this article looks at the impact of trade liberalisation on the structure and level of employment in Brazil over the 1990-97 period. The results support the argument that trade liberalisation in developing countries has a negative...

In this paper, we analyze the impact of Chinese competition on manufacturing firms in El Salvador between 2005 and 2013 using manufacturing survey data and customs transaction data. We find that Chinese import competition in El Salvador has a negative effect on firms employment, total factor...

China's emergence has raised pointed questions about the future of manufacturing in Latin America. This paper looks at this challenge and its implications. It begins by asking: Does manufacturing still matter for Latin America? It argues that the region cannot afford to turn its back to a...