Multinational firms (MNEs) are more likely to trade not only with countries in which they have affiliates, but also with other countries within their affiliates’ region. These patterns point to firm-level scale economies that arise when the fixed costs to source from, or sell in, a market are shared across all the MNE’s plants.

US cell-phone-based mobility data reveal that central business trips in large cities have stabilized at about 60% of pre-pandemic levels, with smaller cities returning to pre-pandemic levels. For 274 US cities that stabilized at a large fraction of remote work, welfare losses average 2.7%.

Larger regions are more efficient at producing medical services. This leaves policymakers with a trade-off between concentrating medical care production in more efficient large regions and promoting healthcare access in less efficient small regions. Production and travel subsidies can both increase access to healthcare but impact patients, providers, and neighboring regions differently.

That unchecked climate change will profoundly affect the world’s economy well into the future is almost universally accepted among researchers. But the world is not a homogeneous economy; likewise, climate change will also affect different parts of the world in different ways.

The economic news in 2007 and 2008 from Greece was alarming and sent ripples across...

Much of the recent debate in the United States over foreign-made goods has involved issues of trade—where products are made and where they are shipped—and who benefits most from their production and sale. However, what if those foreign goods are actually made in the United States by domestic employees of foreign-owned firms? What happens to local firms and their workers when a foreign-owned company decides to open a production plant in the United States?

If you were thinking about buying a washing machine sometime in 2017, you may have been tempted to wait a little while for prices to fall. After all, prices had been dropping for about five years, so unless your current washer was inoperable, there was little reason to make a purchase in haste.

The Globalization and Inequality Conference brought together researchers working in international trade, international finance, labor...