Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/90671
Authors: 
Low, Patrick
Olarreaga, Marcelo
Suarez, Javier
Year of Publication: 
1998
Series/Report no.: 
WTO Staff Working Paper ERAD-98-08
Abstract: 
It has sometimes been argued that globalization benefits only a small number of countries, and that this leads to greater marginalization of excluded countries. This paper argues that globalization is not necessarily biased towards greater concentration in international trade and investment flows. Marginalization is more likely to be explained by domestic policies in relatively closed countries. The paper shows that among relatively open economies, the concentration of international trade and investment flows has declined over the last two decades, whereas the opposite is true among relatively closed economies. Thus, marginalization is not intrinsic to globalization.
Subjects: 
Globalization
international trade and investment flows concentration
JEL: 
F11
F13
F21
Document Type: 
Working Paper

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