OXFORD REVIEW OF ECONOMIC POLICY, VOL. 20, NO. 3, PP. 335-342
Oxford Review of Economic Policy vol. 20 no. 3 2004 © Oxford University Press and the Oxford Review of Economic Policy Limited 2004; all rights reserved.
The Assessment: Firm-level Adjustment to Globalization
University of Nottingham1
Abstract
In recent years, analysts of globalization processes, such as trade and cross-border investment, have shifted attention away from countries and industries to firms and individuals. This shift has been stimulated by new theories of firm-level adjustment and growing access to the kind of micro-level data-sets needed to explore empirically aspects of micro-level adjustment. Firm-level decisions to globalize, either through exporting or by setting up an affiliate overseas, have been a fertile area for both research and policy evaluation. The impact of these choices on productivity has been especially close scrutinized.