... how globalization-induced technology-upgrading mechanisms of firms and workers increase aggregate productivity and welfare, though at the cost of increased income inequalities. The model shows also that the same technological shock (favoring high-tech firms) leads to different results in closed...

...Lurong Chen Purpose The purpose of this paper is to get more insight about the importance of globalisation and regional integration for global value chains (GVCs) upgrade and economic growth. Design/methodology/approach It uses South Korea as an illustrative example of pursuing sustained...