The September 2004 issue of the American Journal of Sociology contains an article by Firebaugh and Goesling arguing that global income inequality has declined in recent decades as a result of economic globalization. This paper examines the methodological choices made by the authors, and some...

Markets establish a range of ways of exchanging goods and services through the medium of money. The ubiquity of markets in most parts of the world, and the frequency of our participation in them, encourage the impression that markets and the buying and selling of goods involve simple processes....

To identify the determinants of cross-country disparities in personal computer and Internet penetration, we examine a panel of 161 countries over the 1999-2001 period. Our candidate variables include economic variables (income per capita, years of schooling, illiteracy, trade openness),...

The political rhythms of pro-free trade coalitions in North and South America seem to be out of sync. After the North American Free Trade Agreement (NAFTA) was signed, free traders looked like they were on a roll towards expansion throughout the hemisphere. Chile was poised to follow Mexico into...

The global financial market has been shaken throughout the nineties by a series of major financial crises. Attempts to stabilize the global system have led to large bailouts. This system cannot survive indefinitely. The willingness of taxpayers in the industrialized (OECD) countries to engage in...

This paper discusses recent developments in the empirical modeling of U.S. import and export flows, and the implications for adjustment of the trade balance in response to changes in the value of the dollar and relative incomes. The results of examining the behavior of trade flows in the period...

This paper provides general analysis and evolution of macroeconomic and financial indicators in the euro area, during the recent crisis 2008-2009. The financial market turmoil that began in 2007 led to a severe global economic downturn. The causes of the crisis, the effects on global financial...

Our Chief Editor Ali Bilge made an interview with Michael Musa, former Chief Economist of the IMF, in Washington DC. They spoke about the cause of the global economic crises effecting the world, it’s possible results, it’s effects on financial markets and goods, also neo-liberal economic...

According to estimates made by the Food and Agricultural Policy Research Institute in March of 1999, there are several macro factors that will significantly impact U.S. and global agriculture over the next decade. Factors leading to near-term price pressure are contrasted with likely...