quot;The World is swiftly moving from an era where business was the culture to an era where culture is the business.quot;Empirical evidence clearly indicates that globalization is the main driver of growth and prosperity in the 21st century world. The links between trade, growth and development...

This study documents an unexplored corporate rent-seeking phenomenon in non-representative regimes—relocating headquarters (HQ) to the political center. Focusing on China, we find thatfirms that relocate their HQs to Beijing (the political center) enjoy increased political favors, butthose...