Does globalization cause a higher concentration of international trade and investment flows?

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WTO Staff Working Paper ; No. ERAD-98-08

Classification and Topics

• Classification: Wirtschaft ; Neoclassical Models of Trade ; Trade Policy; International Trade Organizations ; International Investment; Long-term Capital Movements
• Subject: Globalization ; international trade and investment flows concentration

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Low, Patrick ; Olarreaga, Marcelo ; Suarez, Javier
• Event: Veröffentlichung
• (who): World Trade Organization (WTO)
• (where): Geneva
• (when): 1998

Further information

• DOI: doi:10.30875/fd106603-en
• Handle: http://hdl.handle.net/10419/90671
• Last update: 10.03.2025, 11:42 AM CET