Criss-Crossing Globalization : Uphill Flows of Skill-Intensive Goods and Foreign Direct Investment
This paper documents an unusual and possibly significant phenomenon: the export of skills, embodied in goods, services or capital from poorer to richer countries. The authors first present a set of stylized facts. Then, using a measure that combines the sophistication of a country s exports with the average income level of destination countries, they show that the performance of a number of developing countries - notably China, Mexico and South Africa - matches that of much more advanced countries - such as Japan, Spain and the United States. The authors create a new combined dataset on foreign direct investment (covering greenfield investment as well as mergers and acquisitions). The analysis shows that flows of foreign direct investment to developed countries from developing countries - like Brazil, India, Malaysia and South Africa - as a share of their GDP, are as large as flows from developed countries - like Japan, Korea and the United States. The authors suggest that it is not just the composition of exports but their destination that matters. In both cross-sectional and panel regressions, with a range of controls, a measure of uphill flows of sophisticated goods is significantly associated with better growth performance. These results suggest the need for a deeper analysis of whether the benefits of development might derive not from deifying comparative advantage but from defying it.
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dig-okr-1098642392024-08-08T16:19:27Z Criss-Crossing Globalization : Uphill Flows of Skill-Intensive Goods and Foreign Direct Investment Mattoo, Aaditya Subramanian, Arvind Mattoo, Aaditya ADVANCED COUNTRIES AFFILIATED ORGANIZATIONS APARTHEID BALANCE OF PAYMENTS BANK POLICY BENEFITS OF TRADE CAPITAL STOCK COMPARATIVE ADVANTAGE COMPETITIVENESS COUNTRY FIXED EFFECTS COUNTRY TO COUNTRIES DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DISCLOSURE DISCLOSURE REQUIREMENTS DOMESTIC PRODUCERS ECONOMIC INTEGRATION ECONOMIC PERFORMANCE ECONOMIES OF SCALE EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS EMERGING MULTINATIONALS EQUILIBRIUM EXPORT BASKET EXPORT FLOWS EXPORT PRODUCTION EXPORTERS EXPORTS FINANCIAL FLOWS FIXED COSTS FLOWS OF CAPITAL FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN MARKETS FOREIGN PRODUCERS FOREIGN TRADE GDP GDP PER CAPITA GLOBALIZATION GROWTH THEORIES HUMAN CAPITAL IMPERFECT COMPETITION IMPORTS INCOME INCOME LEVEL INDUSTRIAL COUNTRIES INSTRUMENT INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL TRADE INVESTING INVESTMENT PROJECTS LOW INTEREST RATES MARKET STRUCTURE MERGERS MICRO DATA OFFSHORE FINANCIAL CENTERS PER CAPITA INCOME PER CAPITA INCOMES PRODUCT DIFFERENTIATION PRODUCTIVITY RETURNS RULE OF LAW SAVINGS STOCKS TECHNOLOGY TRANSFER TRADE DATA TRADE MODELS TRADING TRANSACTION TRUST FUND VIRTUOUS CYCLE WAGES WORLD INVESTMENT REPORT WORLD TRADE This paper documents an unusual and possibly significant phenomenon: the export of skills, embodied in goods, services or capital from poorer to richer countries. The authors first present a set of stylized facts. Then, using a measure that combines the sophistication of a country s exports with the average income level of destination countries, they show that the performance of a number of developing countries - notably China, Mexico and South Africa - matches that of much more advanced countries - such as Japan, Spain and the United States. The authors create a new combined dataset on foreign direct investment (covering greenfield investment as well as mergers and acquisitions). The analysis shows that flows of foreign direct investment to developed countries from developing countries - like Brazil, India, Malaysia and South Africa - as a share of their GDP, are as large as flows from developed countries - like Japan, Korea and the United States. The authors suggest that it is not just the composition of exports but their destination that matters. In both cross-sectional and panel regressions, with a range of controls, a measure of uphill flows of sophisticated goods is significantly associated with better growth performance. These results suggest the need for a deeper analysis of whether the benefits of development might derive not from deifying comparative advantage but from defying it. 2012-03-19T19:12:25Z 2012-03-19T19:12:25Z 2009-09-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090910134156 https://hdl.handle.net/10986/4239 English Policy Research working paper ; no. WPS 5047 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain |
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Banco Mundial |
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Estados Unidos |
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Bibliográfico |
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biblioteca |
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America del Norte |
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Biblioteca del Banco Mundial |
| language |
English |
| topic |
ADVANCED COUNTRIES AFFILIATED ORGANIZATIONS APARTHEID BALANCE OF PAYMENTS BANK POLICY BENEFITS OF TRADE CAPITAL STOCK COMPARATIVE ADVANTAGE COMPETITIVENESS COUNTRY FIXED EFFECTS COUNTRY TO COUNTRIES DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DISCLOSURE DISCLOSURE REQUIREMENTS DOMESTIC PRODUCERS ECONOMIC INTEGRATION ECONOMIC PERFORMANCE ECONOMIES OF SCALE EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS EMERGING MULTINATIONALS EQUILIBRIUM EXPORT BASKET EXPORT FLOWS EXPORT PRODUCTION EXPORTERS EXPORTS FINANCIAL FLOWS FIXED COSTS FLOWS OF CAPITAL FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN MARKETS FOREIGN PRODUCERS FOREIGN TRADE GDP GDP PER CAPITA GLOBALIZATION GROWTH THEORIES HUMAN CAPITAL IMPERFECT COMPETITION IMPORTS INCOME INCOME LEVEL INDUSTRIAL COUNTRIES INSTRUMENT INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL TRADE INVESTING INVESTMENT PROJECTS LOW INTEREST RATES MARKET STRUCTURE MERGERS MICRO DATA OFFSHORE FINANCIAL CENTERS PER CAPITA INCOME PER CAPITA INCOMES PRODUCT DIFFERENTIATION PRODUCTIVITY RETURNS RULE OF LAW SAVINGS STOCKS TECHNOLOGY TRANSFER TRADE DATA TRADE MODELS TRADING TRANSACTION TRUST FUND VIRTUOUS CYCLE WAGES WORLD INVESTMENT REPORT WORLD TRADE ADVANCED COUNTRIES AFFILIATED ORGANIZATIONS APARTHEID BALANCE OF PAYMENTS BANK POLICY BENEFITS OF TRADE CAPITAL STOCK COMPARATIVE ADVANTAGE COMPETITIVENESS COUNTRY FIXED EFFECTS COUNTRY TO COUNTRIES DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DISCLOSURE DISCLOSURE REQUIREMENTS DOMESTIC PRODUCERS ECONOMIC INTEGRATION ECONOMIC PERFORMANCE ECONOMIES OF SCALE EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS EMERGING MULTINATIONALS EQUILIBRIUM EXPORT BASKET EXPORT FLOWS EXPORT PRODUCTION EXPORTERS EXPORTS FINANCIAL FLOWS FIXED COSTS FLOWS OF CAPITAL FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN MARKETS FOREIGN PRODUCERS FOREIGN TRADE GDP GDP PER CAPITA GLOBALIZATION GROWTH THEORIES HUMAN CAPITAL IMPERFECT COMPETITION IMPORTS INCOME INCOME LEVEL INDUSTRIAL COUNTRIES INSTRUMENT INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL TRADE INVESTING INVESTMENT PROJECTS LOW INTEREST RATES MARKET STRUCTURE MERGERS MICRO DATA OFFSHORE FINANCIAL CENTERS PER CAPITA INCOME PER CAPITA INCOMES PRODUCT DIFFERENTIATION PRODUCTIVITY RETURNS RULE OF LAW SAVINGS STOCKS TECHNOLOGY TRANSFER TRADE DATA TRADE MODELS TRADING TRANSACTION TRUST FUND VIRTUOUS CYCLE WAGES WORLD INVESTMENT REPORT WORLD TRADE |
| spellingShingle |
ADVANCED COUNTRIES AFFILIATED ORGANIZATIONS APARTHEID BALANCE OF PAYMENTS BANK POLICY BENEFITS OF TRADE CAPITAL STOCK COMPARATIVE ADVANTAGE COMPETITIVENESS COUNTRY FIXED EFFECTS COUNTRY TO COUNTRIES DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DISCLOSURE DISCLOSURE REQUIREMENTS DOMESTIC PRODUCERS ECONOMIC INTEGRATION ECONOMIC PERFORMANCE ECONOMIES OF SCALE EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS EMERGING MULTINATIONALS EQUILIBRIUM EXPORT BASKET EXPORT FLOWS EXPORT PRODUCTION EXPORTERS EXPORTS FINANCIAL FLOWS FIXED COSTS FLOWS OF CAPITAL FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN MARKETS FOREIGN PRODUCERS FOREIGN TRADE GDP GDP PER CAPITA GLOBALIZATION GROWTH THEORIES HUMAN CAPITAL IMPERFECT COMPETITION IMPORTS INCOME INCOME LEVEL INDUSTRIAL COUNTRIES INSTRUMENT INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL TRADE INVESTING INVESTMENT PROJECTS LOW INTEREST RATES MARKET STRUCTURE MERGERS MICRO DATA OFFSHORE FINANCIAL CENTERS PER CAPITA INCOME PER CAPITA INCOMES PRODUCT DIFFERENTIATION PRODUCTIVITY RETURNS RULE OF LAW SAVINGS STOCKS TECHNOLOGY TRANSFER TRADE DATA TRADE MODELS TRADING TRANSACTION TRUST FUND VIRTUOUS CYCLE WAGES WORLD INVESTMENT REPORT WORLD TRADE ADVANCED COUNTRIES AFFILIATED ORGANIZATIONS APARTHEID BALANCE OF PAYMENTS BANK POLICY BENEFITS OF TRADE CAPITAL STOCK COMPARATIVE ADVANTAGE COMPETITIVENESS COUNTRY FIXED EFFECTS COUNTRY TO COUNTRIES DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DISCLOSURE DISCLOSURE REQUIREMENTS DOMESTIC PRODUCERS ECONOMIC INTEGRATION ECONOMIC PERFORMANCE ECONOMIES OF SCALE EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS EMERGING MULTINATIONALS EQUILIBRIUM EXPORT BASKET EXPORT FLOWS EXPORT PRODUCTION EXPORTERS EXPORTS FINANCIAL FLOWS FIXED COSTS FLOWS OF CAPITAL FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN MARKETS FOREIGN PRODUCERS FOREIGN TRADE GDP GDP PER CAPITA GLOBALIZATION GROWTH THEORIES HUMAN CAPITAL IMPERFECT COMPETITION IMPORTS INCOME INCOME LEVEL INDUSTRIAL COUNTRIES INSTRUMENT INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL TRADE INVESTING INVESTMENT PROJECTS LOW INTEREST RATES MARKET STRUCTURE MERGERS MICRO DATA OFFSHORE FINANCIAL CENTERS PER CAPITA INCOME PER CAPITA INCOMES PRODUCT DIFFERENTIATION PRODUCTIVITY RETURNS RULE OF LAW SAVINGS STOCKS TECHNOLOGY TRANSFER TRADE DATA TRADE MODELS TRADING TRANSACTION TRUST FUND VIRTUOUS CYCLE WAGES WORLD INVESTMENT REPORT WORLD TRADE Mattoo, Aaditya Subramanian, Arvind Mattoo, Aaditya Criss-Crossing Globalization : Uphill Flows of Skill-Intensive Goods and Foreign Direct Investment |
| description |
This paper documents an unusual and
possibly significant phenomenon: the export of skills,
embodied in goods, services or capital from poorer to richer
countries. The authors first present a set of stylized
facts. Then, using a measure that combines the
sophistication of a country s exports with the average
income level of destination countries, they show that the
performance of a number of developing countries - notably
China, Mexico and South Africa - matches that of much more
advanced countries - such as Japan, Spain and the United
States. The authors create a new combined dataset on foreign
direct investment (covering greenfield investment as well as
mergers and acquisitions). The analysis shows that flows of
foreign direct investment to developed countries from
developing countries - like Brazil, India, Malaysia and
South Africa - as a share of their GDP, are as large as
flows from developed countries - like Japan, Korea and the
United States. The authors suggest that it is not just the
composition of exports but their destination that matters.
In both cross-sectional and panel regressions, with a range
of controls, a measure of uphill flows of sophisticated
goods is significantly associated with better growth
performance. These results suggest the need for a deeper
analysis of whether the benefits of development might derive
not from deifying comparative advantage but from defying it. |
| topic_facet |
ADVANCED COUNTRIES AFFILIATED ORGANIZATIONS APARTHEID BALANCE OF PAYMENTS BANK POLICY BENEFITS OF TRADE CAPITAL STOCK COMPARATIVE ADVANTAGE COMPETITIVENESS COUNTRY FIXED EFFECTS COUNTRY TO COUNTRIES DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DISCLOSURE DISCLOSURE REQUIREMENTS DOMESTIC PRODUCERS ECONOMIC INTEGRATION ECONOMIC PERFORMANCE ECONOMIES OF SCALE EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKETS EMERGING MULTINATIONALS EQUILIBRIUM EXPORT BASKET EXPORT FLOWS EXPORT PRODUCTION EXPORTERS EXPORTS FINANCIAL FLOWS FIXED COSTS FLOWS OF CAPITAL FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN MARKETS FOREIGN PRODUCERS FOREIGN TRADE GDP GDP PER CAPITA GLOBALIZATION GROWTH THEORIES HUMAN CAPITAL IMPERFECT COMPETITION IMPORTS INCOME INCOME LEVEL INDUSTRIAL COUNTRIES INSTRUMENT INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL TRADE INVESTING INVESTMENT PROJECTS LOW INTEREST RATES MARKET STRUCTURE MERGERS MICRO DATA OFFSHORE FINANCIAL CENTERS PER CAPITA INCOME PER CAPITA INCOMES PRODUCT DIFFERENTIATION PRODUCTIVITY RETURNS RULE OF LAW SAVINGS STOCKS TECHNOLOGY TRANSFER TRADE DATA TRADE MODELS TRADING TRANSACTION TRUST FUND VIRTUOUS CYCLE WAGES WORLD INVESTMENT REPORT WORLD TRADE |
| author |
Mattoo, Aaditya Subramanian, Arvind Mattoo, Aaditya |
| author_facet |
Mattoo, Aaditya Subramanian, Arvind Mattoo, Aaditya |
| author_sort |
Mattoo, Aaditya |
| title |
Criss-Crossing Globalization : Uphill Flows of Skill-Intensive Goods and Foreign Direct Investment |
| title_short |
Criss-Crossing Globalization : Uphill Flows of Skill-Intensive Goods and Foreign Direct Investment |
| title_full |
Criss-Crossing Globalization : Uphill Flows of Skill-Intensive Goods and Foreign Direct Investment |
| title_fullStr |
Criss-Crossing Globalization : Uphill Flows of Skill-Intensive Goods and Foreign Direct Investment |
| title_full_unstemmed |
Criss-Crossing Globalization : Uphill Flows of Skill-Intensive Goods and Foreign Direct Investment |
| title_sort |
criss-crossing globalization : uphill flows of skill-intensive goods and foreign direct investment |
| publishDate |
2009-09-01 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090910134156 https://hdl.handle.net/10986/4239 |
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1807154568459452416 |