Globalization: Strategies and Effects
Preface -- About the Conference -- Contents -- Introduction to Globalization: Strategies and Effects -- 1 Introduction -- 2 Search, Matching, and Globalization -- 3 Multinational Firms -- 4 Financial Markets and Aggregate Fluctuations -- 5 International Integration and Migration -- 6 Globalization and Policy Issues -- 7 Globalization and Development -- 8 Globalization: What We Know and What We Would Like to Know -- References -- Part I Search, Matching, and Globalization -- Product and Labor Market Entry Costs, Underemployment and International Trade -- 1 Introduction -- 2 The Closed-Economy Benchmark Model -- 2.1 Entry Costs and the Autarky Price -- 3 International Trade -- 3.1 Underemployment and Trade -- 3.2 Division of Surplus and Trade -- 4 Beyond the Benchmark Model -- 4.1 Skill Complementarity -- 4.1.1 Matching Efficiency with Skill Complementarities -- 4.2 Alternative Matching Mechanisms -- 5 Conclusions -- Appendix -- References -- Offshoring, Mismatch, and Labor Market Outcomes -- 1 Introduction -- 2 The Model -- 2.1 The Northern Economy -- 2.1.1 Production -- 2.1.2 Matching Process -- 2.1.3 Value Functions -- 2.1.4 Surpluses -- 2.1.5 Wages -- 2.1.6 Flow Equilibrium Conditions -- 2.2 The Southern Economy -- 2.3 Equilibrium -- 2.3.1 Preliminaries -- 2.3.2 Definitions -- 3 Calibration -- 3.1 Northern Economy -- 3.2 Southern Economy -- 4 Quantitative Results -- 4.1 Main Results -- 4.2 The Role of Mismatch -- 5 Sensitivity Analysis -- 5.1 The Multinational's Production Function -- 5.1.1 Size of Offshore Sector (η) -- 5.1.2 Complementarity vs. Substitutability (σ) -- 5.2 How General a Result is Equilibrium Mismatch? -- 6 Conclusion -- References -- Good Times and Bad Times, with Endogenous Trade PolicyResponses -- 1 Introduction -- 1.1 Fixed Costs, Search Costs and Trade Elasticities -- 2 An Illustrative Model of Firm-Level Trade