In the 1990s FIAT Auto embarked on an ambitious globalization project (Project 178). FIAT Auto's main aim was to enter new markets in emerging economies, although globalization also opened up opportunities for cost-reduction through global sourcing. The countries chosen were ones in which it was anticipated that neo-liberal programmes of economic reform advocated by international organizations,...

Martin Wolf, chief economics commentator at the Financial Times, is a brilliant journalist and an able economist. Why Globalization Works is an excellent example of the author’s capacity for examination and analysis. The book is based on a series of articles on globalization that originally appeared in the FT, and on his Hayek Memorial Lecture to the Institute of Economic Affairs in London. Wol...

A common claim in debates about globalization is that economic integration increases worker insecurity. Although this idea is central to both political and academic debates about international economic integration, the theoretical basis of the claim is often not clear and critically there is no empirical research that has directly tested the relationship. In this paper, we argue that economic i...

Innovation and the adoption of new ideas is fundamental to economic progress, and so is free trade of goods and services. Herewe examine the underlying economics of the market for ideas and its implications for trade. From a positive perspective, we examine how such markets function and how international trade interact with them. From a normative perspective, we examine the pitfalls of current ...

Economic globalization and growing interdependence have greatly facilitated the flows of trade, investment, and ideas among formerly hostile countries. However, political antagonism driven by nationalistic sentiments continues to break out in countries with increased inflows of foreign investments, such as China. The media identifies that a majority of participants in China's recent anti-foreig...

1. A globalizing sports economy 1.1 The Economic Significance of Sport 1.2 From Sport Participation to Global Sport Markets 1.3 Sports and Economic (Under-) Development 2. Sports economics: the economic determinants and impact of sport activities 2.1. The economic determinants of sport performances 2.2. The economic impact of sports megaevents 2.3. The economic theory of professional team sport...

In this paper we provide an analytical account of the mechanisms through which globalization, in the sense of increased foreign trade and long-term capital flows, affects the lives of the poor in developing countries (in their capacity as workers, recipients of public services or users of common property resources). Globalization can cause many hardships for the poor, but it also opens up oppor...

In the literature wage inequality is commonly traced back to globalization. As this is a too loose category to be used in an empirical investigation, I will assume that globalization in the larger sense may provide an introductory explanation for a somewhat similarly wide economic variable as the labour share. In fact, as shown by on the basis of the computations conducted by Bertoli and Farina...