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August 6, 2009

Criss-Crossing Globalization: Uphill Flows of Skill-Intensive Goods and Foreign Direct Investment - Working Paper 176

What happens when capital and sophisticated goods flow uphill, from poorer to richer countries? With a new dataset of foreign direct investment and a measure of the sophistication of exports, CGD senior fellow Arvind Subramanian and his co-author Aaditya Mattoo find that developing countries sending goods and services uphill experience economic growth and other development benefits.

Aaditya Mattoo and Arvind Subramanian