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Globalization and Profitability of US Firms: The Role of Intangibles

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By Ravi Jagannathan, Swaminathan Sridharan, Bullipe Chinta
| northwestern.edu
Home | Faculty & Research Overview | Research China's admission into the WTO in 2001 heralded a new era of globalization, increasing both import competition in domestic markets and foreign opportunities for US firms. In the aggregate, the average annual profitability of US public firms increased by 11.5% from pre-globalization period (1984-2002) to post-globalization period (2003-2019).
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