Challenges to Globalization - Analyzing the Economics

Acknowledgments Challenges to Globalization: An Overview 1 Robert E. Baldwin and L. Alan Winters I. THE CRITICS 1. Assessing Globalization's Critics: "Talkers Are No Good Doers?" 17 Kimberly Ann Elliott, Debayani Kar, and J. David Richardson Comment: Harry Flam 2. Globalization and Democracy 63 Carl B. Hamilton Comment: Kimberly Ann Elliott II. TRADE FLOWS AND THEIR CONSEQUENCES 3. Geography and Export Performance: External Market Access and Internal Supply Capacity 95 Stephen Redding and Anthony J. Venables Comment: Keith E. Maskus 4. Globalization and International Commodity Trade with Specific Reference to the West African Cocoa Producers 131 Christopher L. Gilbert and Panos Varangis Comment: Joshua Aizenman 5. Globalization and Dirty Industries: Do Pollution Havens Matter? 167 Jean-Marie Grether and Jaime de Melo Comment: Simon J. Evenett III. FACTOR MARKETS: LABOR 6. The Role of Globalization in the Within-Industry Shift Away from Unskilled Workers in France 209 Vanessa Strauss-Kahn Comment: Mari Kangasniemi 7. The Brain Drain: Curse or Boon? A Survey of the Literature 235 Simon Commander, Mari Kangasniemi, and L. Alan Winters Comment: Alan V. Deardorff 8. The Effects of Multinational Production on Wages and Working Conditions in Developing Countries 279 Drusilla K. Brown, Alan V. Deardorff, and Robert M. Stern Comment: Andr apir IV. FACTOR MARKETS: CAPITAL 9. Home- and Host-Country Effects of Foreign Direct Investment 333 Robert E. Lipsey Comment: Vanessa Strauss-Kahn 10. Competition for Multinational Investment in Developing Countries: Human Capital, Infrastructure, and Market Size 383 David L. Carr, James R. Markusen, and Keith E. Maskus Comment: Anthony J. Venables 11. The Cross-Border Mergers and Acquisitions Wave of the Late 1990's 411 Simon J. Evenett Comment: Rod Falvey V. MACROECONOMICS 12. Financial Opening: Evidence and Policy Options 473 Joshua Aizenman Comment: Robert M. Stern 13. Openness and Growth: What's the Empirical Relationship? 499 Robert E. Baldwin Comment: Simon Commander Contributors 527 Author Index 531 Subject Index 539