Firms and Workers in a Globalized World:Larger Markets, Tougher Competition

Gianmarco Ottaviano

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: Globalization is a complex phenomenon involving the mobility of goods, capital, labour and ideas across country borders. From an economic point of view, two waves of globalization have been identified by scholars so far. The first wave materialized between the second half of the Nineteenth century and WWI; the second wave rose after WWII and gained momentum at the end of the Twentieth century before slowing down in the aftermath of the global financial crisis due to renewed protectionist pressures. This collection of essays studies the implications of this second wave of globalization for national economic performance. In doing so, it takes a bottom-up approach, building up the macroeconomic trajectories from the microeconomic effects of globalization on firms and workers. The collected essays highlight the asymmetry of responses across firms and workers between and within industries as well as territories, thus explaining the forces behind the emergence of 'winners' and 'losers' from globalization. The collection shows how state-of-the-art models of international economics and economic geography can be brought to life by addressing several topical issues in the public debate, ranging from regional growth and regional decline to international competition and creative destruction, from innovation patterns to cultural diversity and from immigration to offshoring.

Keywords: Allocative Efficiency; Immigration; Inequality; Innovation; International Competition; International Trade; Macroeconomic Effects of Globalization; New Economic Geography; New Trade Theory; Offshoring; Regional Decline; Regional Growth; Territories; Waves of Globalization; Winners and Losers from Globalization; Borders; Creative Destruction; Cultural Diversity; Economic Geography; Economic Growth; Firm Heterogeneity; Firms and Workers; Globalization (search for similar items in EconPapers)
JEL-codes: F02 F6 F61 F62 (search for similar items in EconPapers)
Date: 2021
ISBN: 9789811233388
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https://www.worldscientific.com/worldscibooks/10.1142/12184 (text/html)
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Chapters in this book:

Ch 1 Growing locations: Industry location in a model of endogenous growth , pp 3-24

Philippe Martin and Gianmarco Ottaviano

Ch 2 Global Income Divergence, Trade, and Industrialization: The Geography of Growth Take-Offs , pp 25-57

Richard Baldwin, Philippe Martin and Gianmarco Ottaviano

Ch 3 AGGLOMERATION AND TRADE REVISITED , pp 59-85

Gianmarco Ottaviano, Takatoshi Tabuchi and Jacques Thisse

Ch 4 Market Size, Trade, and Productivity , pp 87-108

Marc Melitz and Gianmarco Ottaviano

Ch 5 Market Size, Competition, and the Product Mix of Exporters , pp 109-150

Thierry Mayer, Marc Melitz and Gianmarco Ottaviano

Ch 6 Cities and cultures , pp 153-186

Gianmarco Ottaviano and Giovanni Peri

Ch 7 The economic value of cultural diversity: evidence from US cities , pp 187-222

Gianmarco Ottaviano and Giovanni Peri

Ch 8 The labor market impact of immigration in Western Germany in the 1990s , pp 223-243

Francesco D’Amuri, Gianmarco Ottaviano and Giovanni Peri

Ch 9 RETHINKING THE EFFECT OF IMMIGRATION ON WAGES , pp 245-290

Gianmarco Ottaviano and Giovanni Peri

Ch 10 Immigration, Offshoring, and American Jobs , pp 291-326

Gianmarco Ottaviano, Giovanni Peri and Greg C. Wright

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