Has globalization gone far enough? : the costs of fragmented international markets / Scott C. Bradford, Robert Z. Lawrence.

By:

Bradford, Scott C

Contributor(s):

Material type: Text

TextPublication details: Washington, DC : Institute for International Economics, 2004.Description: 1 online resource (xiii, 87 pages)Content type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9781435631434
1435631439
0881323497
9780881323498

Subject(s):

Genre/Form:

Electronic books.

Additional physical formats: Print version:: Has globalization gone far enough?.DDC classification:

382 22

LOC classification:

HF1418.5 .B73 2003eb

Online resources:

Click here to access online

Action note:

digitized 2010 HathiTrust Digital Library committed to preserve

Summary: Annotation Has globalization gone far enough? This study will use the underlying data from Purchasing Power Parity Surveys to estimate the potential benefits from fully integrating goods markets among major OECD countries. These data are particularly useful because they are comprehensive and every effort has been made to ensure that they are comparable. Input-output tables will be used to eliminate distribution margins from final goods prices and thereby provide estimates of ex-factory prices. Price differentials will be taken as measures of barriers, and the welfare effects of eliminating these barriers will be estimated in a general equilibrium model. The study will also provide insights into the relative openness of individual OECD countries to the world economy, and the degree to which Europe has become a single market.Summary: Annotation How important are the remaining barriers to integration in international goods markets and how would eliminating them affect global and individual countries' welfare? This book studies these questions using the most comprehensive price data available. Bradford and Lawrence find that there is considerable market fragmentation among industrial countries -- that is, firms charging different prices for similar products in different national markets -- even among countries with low tariff barriers. The authors estimate that integration among the eight countries in their sample -- Australia, Canada, Germany, Italy, Japan, the Netherlands, the United Kingdom and the United States -- would raise global GDP by more than $500 billion, or about 2 percent. Remarkably, almost half the global gain in these eight countries could be reaped if Japan alone eliminated its international fragmentation.

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Includes bibliographical references (pages 77-81) and index.

Annotation Has globalization gone far enough? This study will use the underlying data from Purchasing Power Parity Surveys to estimate the potential benefits from fully integrating goods markets among major OECD countries. These data are particularly useful because they are comprehensive and every effort has been made to ensure that they are comparable. Input-output tables will be used to eliminate distribution margins from final goods prices and thereby provide estimates of ex-factory prices. Price differentials will be taken as measures of barriers, and the welfare effects of eliminating these barriers will be estimated in a general equilibrium model. The study will also provide insights into the relative openness of individual OECD countries to the world economy, and the degree to which Europe has become a single market.

Annotation How important are the remaining barriers to integration in international goods markets and how would eliminating them affect global and individual countries' welfare? This book studies these questions using the most comprehensive price data available. Bradford and Lawrence find that there is considerable market fragmentation among industrial countries -- that is, firms charging different prices for similar products in different national markets -- even among countries with low tariff barriers. The authors estimate that integration among the eight countries in their sample -- Australia, Canada, Germany, Italy, Japan, the Netherlands, the United Kingdom and the United States -- would raise global GDP by more than $500 billion, or about 2 percent. Remarkably, almost half the global gain in these eight countries could be reaped if Japan alone eliminated its international fragmentation.

Print version record.

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Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. MiAaHDL

Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL