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The Global 1970s and the Echo of the Great Depression
Taylor, Alan M. - 2009
The Great Depression ushered in a long era of deglobalization that lasted for many decades. An old conventional wisdom (e.g. Polanyi) argues that the common aspect of this shock across all countries, a deep depression, can explain the large and persistent global shift away from orthodox liberal...
Persistent link: https://www.econbiz.de/10012463174
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Openness to Trade and the Spread of Industrialization : Evidence from Canada during the First Era of Globalization
Jaworski, Taylor - 2020
controlling for these factors, we find that greater exposure to globalization shaped the pattern of regional industrialization in …We use new data on manufacturing in Canada to quantify the impact of globalization on the growth and composition of … industrialization in the second half of the nineteenth century. We find that industries and regions more exposed to international trade …
Persistent link: https://www.econbiz.de/10012481264
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Theory and Practice of Commercial Policy : 1945-1990
Krueger, Anne O. - 1990
In this paper, the evolution of thought regarding protectionist trade policies in developed and in developing countries is examined and contrasted. In the developing countries distrust of markets and a belief in the infant industry argument led to highly protectionist trade regimes. The...
Persistent link: https://www.econbiz.de/10012475478
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When Does Trade Hurt? Market, Transition and Developing Economies
Krishna, Kala - 2002
This paper argues that labor market distortions in transition and developing economies help explain differential impacts of trade liberalization. We assume that workers differ in ability. In a market economy their earnings depend on their ability. However, earnings are independent of ability due...
Persistent link: https://www.econbiz.de/10012469719
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Forms of Democracy, Policy and Economic Development
Persson, Torsten - 2005
The paper combines insights from the recent research programs on constitutions and economic policy, and on history, institutions and growth. Drawing on cross-sectional as well as panel data, it presents new empirical results showing that the form of democracy (rather than democracy vs....
Persistent link: https://www.econbiz.de/10012467514
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Commodity Trade and the Carry Trade : a Tale of Two Countries
Ready, Robert - 2013
Persistent differences in interest rates across countries account for much of the profitability of currency carry trade strategies. "Commodity currencies'' tend to have high interest rates while low interest rate currencies belong to exporters of finished goods. This pattern arises in a...
Persistent link: https://www.econbiz.de/10012459290
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The Global Spatial Distribution of Economic Activity : Nature, History, and the Role of Trade
Henderson, J. Vernon - 2016
We study the distribution of economic activity, as proxied by lights at night, across 250,000 grid cells of average area 560 square kilometers. We first document that nearly half of the variation can be explained by a parsimonious set of physical geography attributes. A full set of country...
Persistent link: https://www.econbiz.de/10012456530
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Trade Reforms, Credibility, and Development
Aizenman, Joshua - 1991
This paper analyzes the role of investment policies in regimes undergoing trade liberalization with policy makers of uncertain credibility. We consider an economy producing exportable and importable goods. The economy is liberalized, and tariffs are eliminated. The public views the reform...
Persistent link: https://www.econbiz.de/10012475420
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The Trade Reform Wave of 1985-1995
Irwin, Douglas A. - National Bureau of Economic Research - 2022
The decade from 1985 to 1995 was an unprecedented period of declining barriers to global trade. The reform wave was especially pronounced in developing countries where overvalued currencies were eliminated, quantitative import restrictions dismantled, and import tariffs reduced. What accounts...
Persistent link: https://www.econbiz.de/10013191068
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North-South R&D Spillovers
Coe, David T. - 1995
We examine the extent to which developing countries that do little, if any research and development themselves benefit from R&D that is performed in the industrial countries. By trading with an industrial country that has large 'stocks of knowledge' from its cumulative R&D activities, a...
Persistent link: https://www.econbiz.de/10012473841