Acknowledgments
Challenges to Globalization: An Overview 1
Robert E. Baldwin and L. Alan Winters
I. T C
1. Assessing Globalization’s Critics:
“Talkers Are No Good Doers?” 17
Kimberly Ann Elliott, Debayani Kar,
and J. David Richardson
Comment: Harry Flam
2. Globalization and Democracy 63
Carl B. Hamilton
Comment: Kimberly Ann Elliott
II. T F  T C
3. Geography and Export Performance: External
Market Access and Internal Supply Capacity 95
Stephen Redding and Anthony J. Venables
Comment: Keith E. Maskus
4. Globalization and International Commodity
Trade with Specific Reference to the
West African Cocoa Producers 131
Christopher L. Gilbert and Panos Varangis
Comment: Joshua Aizenman
5. Globalization and Dirty Industries:
Do Pollution Havens Matter? 167
Jean-Marie Grether and Jaime de Melo
Comment: Simon J. Evenett
III. FM: L
6. The Role of Globalization in the
Within-Industry Shift Away from
Unskilled Workers in France 209
Vanessa Strauss-Kahn
Comment: Mari Kangasniemi
7. The Brain Drain: Curse or Boon?
A Survey of the Literature 235
Simon Commander, Mari Kangasniemi,
and L. Alan Winters
Comment: Alan V. Deardorff
8. The Effects of Multinational Production
on Wages and Working Conditions in
Developing Countries 279
Drusilla K. Brown, Alan V. Deardorff,
and Robert M. Stern
Comment: André Sapir
IV. FM: C
9. Home- and Host-Country Effects
of Foreign Direct Investment 333
Robert E. Lipsey
Comment: Vanessa Strauss-Kahn
10. Competition for Multinational Investment
in Developing Countries: Human Capital,
Infrastructure, and Market Size 383
David L. Carr, James R. Markusen, and
Keith E. Maskus
Comment: Anthony J. Venables
11. The Cross-Border Mergers and
Acquisitions Wave of the Late 1990s 411
Simon J. Evenett
Comment: Rod Falvey
x Contents
V. M
12. Financial Opening: Evidence and
Policy Options 473
Joshua Aizenman
Comment: Robert M. Stern
13. Openness and Growth: What’s the
Empirical Relationship? 499
Robert E.