technical progress is more intense in the center as its occurrence is more common and easily achieved in the industrial sector as compared to the primary producing sector. However, the greater organization of labor as well as the higher degree of monopolistic or oligopolistic power of industrial fi...
protectionism is actually the royal path to poverty. Even more unfortunately, the reasons are difficult to explain. You have to rely on counter-intuitive explanations to show why protectionism actually makes people poorer. Roughly, the reverse of protectionism is called “free trade.” (What is me...
The article draws a conclusion that it is hard for the UK and Germany to get the best of both worlds, that is, the liberal market and long-termism.doi:10.1515/ecfr-2018-0011Mukwiri, JonathanWalter de Gruyter GmbH & Co. KGEuropean Company and Financial Law Review...
As depicted in Fig.1(our model), firms are subjected to several levels of influence in regard to any decision on whether or not to reshore. The first such influence on reshoring is wielded at the country level and we identified two variants of it: H1, the Country Institutional and Investme...
Moreover, the method is best suited for individual product groups, as negative weights could potentially skew average results with different treatment times. To support our findings on individual CIRs with evidence of general trends, we employ the staggered difference-in-differences model of Callaway...
Thus, the relatively minor peak of the flu in April 1920 experienced by several countries is not accounted for by the excess mortality measure. Besides its drawbacks, using all-cause excess mortality is probably the best way to measure the severity of the pandemic across countries as it is ...
In the absence of continuing energy flow into the system, the end result will be thermal equilibrium where no further net energy flow takes place, as illustrated in Fig. 8. Similarly, in economics, a market is defined as an area in which prices tend to converge to a single level. This ...
Free trade could lead some problems in the economy of a country. The first problem is the assumption trade is sustainable. A nation exporting non-renewable resources may discover that its best move (in the short run) is to export until it runs out. The flip side is overconsumption, in wh...
Dumping is a type of predatory pricing behaviour and a form of price discrimination. Goods are dumped when they are sold for export at less than their normal value. The normal value is usually defined as the price for the like goods in the exporter's home market. In the short term, cons...
The tour includes six steps: the first step is to make cotton raw materials such as T-shirts and so on and sell them to cotton traders in the United States, and sell them to American cotton traders; the second step is to sell the goods to the textile and garment manufacturers represented...