Information frictions are often invoked to explain low levels of international trade beyond those that measured trade frictions (tariffs, transportation costs, etc.) can explain. But to explain why international trade is lower then domestic trade, home firms have to know something that foreigners do not. Without information asymmetry, domestic trade and foreign trade would be inhibited equally....

INTRODUCTION Despite China’s recent achievements at the Beijing Olympics,1 news involving contaminated pet food and unsafe toys imported from China makes us question the legal frameworks that facilitated such incidents and stirs anti-globalization sentiment.2 While consumers wonder about the role their governments play in this context and look for remedies that respond in some meaningful way to...

in the last years of the twentieth century and the early years of the twenty first century, globalization with all its aspects and effects, has laid a ground which has originated and/or deepened structural weaknesses of states, their inability to answer the citizens’ demands and functional crisis of states. formation of international institutions, international non-governmental organizations (n...

In contrast to domestic trade, international trade inherently requires more intensive use of skilled labor with expertise in areas such as international business, language skills, and maritime insurance, and the transoceanic transportation is more capital intensive than the local transportation. In the presence of such bias in factor demands, globalization caused by an improvement in the export...

To explain and analyze the latest developments in international business, essential if one is to define the concept of globalization. According to the literature -Globalization is the present state of international affairs and was generalized at the conceptual and terminological ' 60 years (Waters, 1995), the popularity in recent years, being found equally in various types of speech, not only i...

In most parts of the world, globalization has become an unstoppable and potent force that impacts everyday life and international relations. The articles in this issue draw on theoretical insights from diverse perspectives (clinical psychology, consumer research, organizational behavior, political psychology, and cultural psychology) to offer nuanced understanding of individuals’ psychological ...

provided helpful comments on the previous version. 2 " Yet, the basic adjustments demanded by the globalization trend cannot take place without a struggle. Too many interests in the nation states see the economic risks and costs of the adjustments involved, even if justified in the longer term, as unfairly distributed and deeply threatening. In addition, organizations with political or social o...

Globalization, defined in economic terms as the phenomenon of increased integration of the world economy, generates strong reactions due to some negative effects of the growth of international trade, the internationalization of industrial production, and unrestricted cross-border capital flows, while the overall mobility of labor remains quite limited. Evidence on the growth of international tr...

This paper analyses the theme of international service (or international volunteering as it is perhaps better known in the UK) in relation to ideas about globalization and development and presents a framework for future research. Agencies such as the United States Peace Corps, the United Nations Volunteers or a range of specialised non-governmental organisations (NGOs) have long promoted volunt...