ABSTRACT

This paper focuses on the mobility of goods and services, capital, and even labor that underlies market globalization. 2 A debate has developed about whether the industrialized countries are now experiencing unprecedented levels of trade and investment (Krugman, 1992; Wade, 1996; cf. Bergeijk and Mensink, 1997). In any event, today's linkages are more organic than those experienced in the earlier period and involve an unprecedented degree of “functional integration between internationally dispersed activities” (Dicken, 1992, p.l, cited in Kobrin 1993, p.2).