Cultural Differences and Economic Globalization: Effects on trade, foreign direct investment, and migration (Routledge Studies in the Modern World Economy, 151, Band 151) - Hardcover

Buch 128 von 190: Routledge Studies in the Modern World Economy

White, Roger

 
9781138891807: Cultural Differences and Economic Globalization: Effects on trade, foreign direct investment, and migration (Routledge Studies in the Modern World Economy, 151, Band 151)

Inhaltsangabe

This book examines cultural differences as a potential impediment to economic integration. Relying on rigorous statistical and econometric techniques, the analyses indicate that higher transaction costs, due to greater cultural distance, inhibit both the volume of trade flows and the successful completion of trade deals. Cultural distance appears to reduce foreign direct investment, as well as divert investment to less culturally-distant destinations. This book finds a negative relationship between migration flows and cultural distance. It considers the common criticism that repeated and intensified integration diminishes cultural differences, resulting in cultural homogeneity. ¿

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Über die Autorin bzw. den Autor

Roger White is Associate Professor of Economics and Douglas W. Ferguson Chair in International Economics at Whittier College, California, USA

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9780367668624: Cultural Differences and Economic Globalization: Effects on Trade, Foreign Direct Investment, and Migration (Routledge Studies in the Modern World Economy)

Vorgestellte Ausgabe

ISBN 10:  0367668629 ISBN 13:  9780367668624
Verlag: Routledge, 2020
Softcover