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Globalization and the Inequality of Nations.

Abstract:

A monopolistically competitive manufacturing sector produces goods used for final consumption and as intermediates. Intermediate usage creates cost and demand linkages between firms and a tendency for manufacturing agglomeration. How does globalization affect the location of manufacturing and gains from trade? At high transport costs all countries have some manufacturing, but when transport costs fall below a critical value a core-periphery pattern spontaneously forms, and nations that find t...

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Authors


Paul Krugman More by this author
Anthony J Venables More by this author
Volume:
5098
Publication date:
1995
URN:
uuid:832f7fa1-7e83-480b-ab64-05e9639f18e8
Local pid:
oai:economics.ouls.ox.ac.uk:12012
Language:
English

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