It takes the average reader and 22 minutes to read Globalization and Relocation in a Vertically Differentiated Industry by Ms. Isabel Grilo
Assuming a reading speed of 250 words per minute. Learn more
This paper uses a vertical differentiation duopoly framework to analyze firms’ relocation decisions, when the removal of trade barriers or restrictions on capital outflows or inflows (“globalization”) allows them to serve the domestic market through foreign plants in low-wage countries. The relocation of the entire industry yields net welfare costs, but the relocation of one (and only one) firm, may be welfare improving. When the economy is “high-(or low-) quality biased,” the relocation of the firm producing the high- (or low-) quality variant is preferred, on welfare terms, to that of other firms, if the wage differential is large enough.
Globalization and Relocation in a Vertically Differentiated Industry by Ms. Isabel Grilo is 22 pages long, and a total of 5,544 words.
This makes it 7% the length of the average book. It also has 7% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 30 minutes to read Globalization and Relocation in a Vertically Differentiated Industry aloud.
Globalization and Relocation in a Vertically Differentiated Industry is suitable for students ages 8 and up.
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