Globalization, Firms, and Workers

Ann Harrison and Keith Maskus

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

Abstract: How has globalization through trade and foreign investment affected labour markets, wages, profits, and inequality? This fundamentally important question is addressed deeply in this volume, with methods ranging from microeconomic theory to econometric studies using detailed firm-level and household data. The primary objective of the volume, a compendium of important research performed by Ann Harrison and co-authors, is to study and understand whether and how workers, in both the United States and major developing and emerging countries, have fared in the recent era of massive globalization. There are plenty of anecdotes about such questions, but this volume develops testable hypotheses, collects essential data, and uses frontier techniques to provide the best and most systematic evidence available. Chapters range widely over standard and current trade theories, frontier thinking about the nature and effects of multinational enterprises and offshoring, and the critical roles of credit markets, international innovation and technology diffusion in driving employment, wage changes, and inequality. The volume also covers critical institutional matters, such as how globalization influences activism in securing labour rights. The analysis in the book is essential for understanding the complex and deep relationships among trade liberalization, foreign direct investment, technical change, and the fortunes of workers in increasingly globalized markets.

Keywords: Globalization; Trade Reform; Foreign Direct Investment; Labour Markets; Employment; Wages; Offshoring; Innovation; Credit Constraints; Industrial Policy; Labour Rights Activism (search for similar items in EconPapers)
JEL-codes: F02 F6 F63 (search for similar items in EconPapers)
Date: 2022
ISBN: 9789811239465
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https://www.worldscientific.com/worldscibooks/10.1142/12346 (text/html)
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Chapters in this book:

Ch 1 Introduction , pp 1-12

Keith Maskus and Jed Silver

Ch 2 Sharing the Costs: The Impact of Trade Reform on Capital and Labor in Morocco , pp 15-42

Janet Currie and Ann Harrison

Ch 3 TRADE LIBERALIZATION AND WAGE INEQUALITY IN MEXICO , pp 43-60

Gordon Hanson and Ann Harrison

Ch 4 Wages and foreign ownership A comparative study of Mexico, Venezuela, and the United States , pp 61-87

Brian Aitken, Ann Harrison and Robert Lipsey

Ch 5 Has Globalization Eroded Labor’s Share? Some Cross-Country Evidence , pp 89-135

Ann Harrison

Ch 6 Do Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela , pp 139-152

Brian J. Aitken and Ann Harrison

Ch 7 Does direct foreign investment affect domestic credit constraints? , pp 153-180

Ann Harrison and Margaret S. McMillan

Ch 8 Global capital flows and financing constraints , pp 181-213

Ann Harrison, Inessa Love and Margaret S. McMillan

Ch 9 FDI Spillovers and Industrial Policy: The Role of Tariffs and Tax Holidays , pp 215-232

Luosha Du, Ann Harrison and Gary Jefferson

Ch 10 U.S. Multinational Activity Abroad and U.S. Jobs: Substitutes or Complements? , pp 235-253

Ann Harrison, Margaret S. McMillan and Clair Null

Ch 11 OFFSHORING JOBS? MULTINATIONALS AND U.S. MANUFACTURING EMPLOYMENT , pp 255-273

Ann Harrison and Margaret McMillan

Ch 12 ESTIMATING THE IMPACT OF TRADE AND OFFSHORING ON AMERICAN WORKERS USING THE CURRENT POPULATION SURVEYS , pp 275-289

Avraham Ebenstein, Ann Harrison, Margaret McMillan and Shannon Phillips

Ch 13 Multinationals and Anti-Sweatshop Activism , pp 291-317

Ann Harrison and Jason Scorse

Ch 14 Learning versus Stealing: How Important Are Market-Share Reallocations to India’s Productivity Growth? , pp 321-347

Ann Harrison, Leslie A. Martin and Shanthi Nataraj

Ch 15 Industrial Policy and Competition , pp 349-380

Philippe Aghion, Jing Cai, Mathias Dewatripont, Luosha Du, Ann Harrison and Patrick Legros

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