The wage and employment effects of offshoring roil politics in the United States and around the world. Firms that offshore either outsource their activities to unaffiliated businesses, or internalize production by establishing subsidiaries from which …
This article examines the political origins of antitrust enforcement in developing countries. I consider how the organization and political influence of business affects governments’ commitments to competition policy institutions. The analysis …
We argue that the global spread of ideas contributes to trade liberalization. Building on insights from a rich case-based literature, we suggest an explicit mechanism of trade policy diffusion: US-trained Ph.D. economists, who share a common belief …
What political institutions improve property rights? Building on the work of North and Weingast, this article argues that institutional checks on policy-making discretion (“veto players”) improve the property rights of investors regarding the value …
The term competitiveness is widely applied as a catch‐all for investor‐friendly policies and institutions. This article argues that sloppy applications of the term ignore the possibilities of policy tradeoffs and varieties of institutional choices. …