The impact of globalization on income inequality for individuals is a much-discussed affair. Far less attention is paid to how it affects inequality in terms of opportunities for companies around the world. The paper, “Do Institutional Reforms Benefit Strong or Weak Firms: Intellectual Property Rights and Access to International Alliances,” takes a look at the latter.
The paper seeks to answer this question: When globalization opens up a country’s economy, does it hurt or help local firms, especially weaker businesses? The paper is based on the research of Wharton management professor Exequiel (Zeke) Hernandez and Wharton doctoral candidate Sarath Balachandran. Hernandez recently spoke to Knowledge@Wharton about their findings.
