Waves of globalization reflect the historical technical progress and modern economic growth. The dynamics of this process are here approached using the multidimensional scaling (MDS) methodology to analyze the evolution of GDP per capita, international trade openness, life expectancy, and education tertiary enrollment in 14 countries. MDS provides the appropriate theoretical concepts and the ex...

We show that the impact of globalization on growth and wages crucially depends on the labor market structures of the countries involved. We contrast bargaining and perfect competition. Under perfect capital markets, convergence of capital and income per capita always occurs despite di®erent labor market structures. However, di®erent labor market structures prevent convergence of the income shar...

Neoclassical growth models of trade and factor flows based on differences in factor endowments give clear predictions as to how globalization affects inequality. Models in which productivity differences between countries drive trade and factor flows gave more ambiguous predictions. Unfortunately, productivity differences seem necessary to understand many, though not all, globalization and inequ...

Mainstream geographical economics propagates the free trade doctrine, presenting capitalism as entailing, but capable of overcoming, uneven geographical development. Geographers have failed to engage with the international trade theories that rationalize this, or develop alternatives. Beginning with the entanglements through which trade happens, I examine how theories rationalizing the free tra...

Introduction What is globalization? Theorists, the media, and people have discussed this phenomenon for decades. What does the future hold for a global world? People advocating a global world and those who are against it debate the pros and cons of the globalization process. Globalization is ubiquitous and when globalization is discussed, everyone has different images. Here, it is defined as th...

Globalization, widely cited as the dominant international economic trend of the post-World War II era, is deeply connected with the opening of the world economy. The relationship between trade and growth has been intensively debated in the economic literature, within the fields of economics, sociology, political sciences, and others. However, in the areas of International Business (IB) and mana...

The paper models the policy challenges facing globalizing developing countries. Models from the pure theory of international trade, the small open economy model, growth accounting, the SolowSwan model, the gravity model, models of portfolio diversification and currency crises models are reviewed to distil policy guidelines to promote the globalization of developing countries. The overriding obj...

Globalization is a key challenge to public health, especially in developing countries, but the linkages between globalization and health are complex. Although a growing amount of literature has appeared on the subject, it is piecemeal, and suffers from a lack of an agreed framework for assessing the direct and indirect health effects of different aspects of globalization. This paper presents a ...

In the context of the globalization of the Indian economy, it is necessary to examine the dependence of an individual micro-level company on the macro economy and its constituent sectors. We have taken up the study of a diversified private engineering and construction company to analyze the structure of its business, using input-output framework. The operational impact of the company and its de...