The Assessment: Firm-level Adjustment to Globalization

Sir David Greenaway ()

Oxford Review of Economic Policy, 2004, vol. 20, issue 3, 335-342

Abstract: In recent years, analysts of globalization processes, such as trade and cross-border investment, have shifted attention away from countries and industries to firms and individuals. This shift has been stimulated by new theories of firm-level adjustment and growing access to the kind of micro-level data-sets needed to explore empirically aspects of micro-level adjustment. Firm-level decisions to globalize, either through exporting or by setting up an affiliate overseas, have been a fertile area for both research and policy evaluation. The impact of these choices on productivity has been especially close scrutinized. Copyright 2004, Oxford University Press.

Date: 2004
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