Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20704
Full metadata record
DC FieldValueLanguage
dc.contributor.authorFaini, Riccardoen_US
dc.date.accessioned2009-01-28T16:16:06Z-
dc.date.available2009-01-28T16:16:06Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/20704-
dc.description.abstractGlobalization is not only about the rise of trade, FDI, and migration. It is also about thechanging linkages among these flows. The main findings of the paper can be summarized asfollows. First, at least in the nineties, import trade liberalization fostered not only trade butalso inward investment, confirming that trade and FDI toward developing countries havebecome largely complements. Second, the presence of a skilled labour force is a relevantfactor to attract FDI. Moreover, trade policies and the stock of FDI have a positive impact onthe incentives to invest in education. This set of findings highlights the possibility of a lowequilibrium trap where the lack of human capital discourages FDI and inadequate investmentfrom abroad limits the domestic incentives to acquire education. Rich countries, byencouraging skilled immigration from relatively poor countries, are definitely aggravating sucha risk. Third, we find little evidence supporting the contrary argument of a brain gain, wherethe possibility for skilled workers to migrate abroad raises the return to education and theinvestment in human capital. Overall, our results highlight the need to study globalization in afully integrated way, not just as the sum of its different components. They also show thatbacktracking in one area (e.g. trade) feeds negatively on other areas (e.g. FDI).en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aIZA Discussion paper series |x1406en_US
dc.subject.jelF22en_US
dc.subject.jelF23en_US
dc.subject.ddc330en_US
dc.subject.keywordFDIen_US
dc.subject.keywordmigrationen_US
dc.subject.keywordtradeen_US
dc.subject.stwAussenhandelsliberalisierungen_US
dc.subject.stwGlobalisierungen_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwInternationale Arbeitsmobilitäten_US
dc.subject.stwFacharbeiteren_US
dc.subject.stwBrain Drainen_US
dc.subject.stwWelten_US
dc.titleTrade Liberalization in a Globalizing Worlden_US
dc.typeWorking Paperen_US
dc.identifier.ppn47678624Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

Files in This Item:
File
Size
381.83 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.