profiel Globalization, Growth and Development
The global production system is increasingly becoming more fragmented. This raises some important questions. Is manufacturing located in developed or developing countries? And do fragments have a natural home-base, for example, R&D in developed countries and assembly in developing countries? Some firms participate in this process, others do not. What determines the internationalization choices of firms? What is the role of distance, transportation costs, or language and culture when making these choices? Increasing country specialization has consequences for local labour markets. Are labour markets becoming increasingly specialized as well? Are they becoming more globally integrated, just like commodity markets?
In this profile, students will learn to use tools and methods to answer such questions and to independently carry out analyses of the causes and consequences of globalization.