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The paper discusses the costs and benefits to be expected by least-developed and low-income ("vulnerable") economies if they accede to the WTO, the impact of current debates about WTO reform on vulnerable economies, and measures to make it easier for vulnerable economies to accede to and...
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in particular are dynamic segments of world trade. Both total trade data as well as US import trade figures do not …
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Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital's share in factor income determines...
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Globalization improves the prospects for developing countries (DCs) to catch up economically with industrialized … countries. Depending on economic policies with respect to openness and factor accumulation, globalization may increase capital … world economy. Nevertheless, many observers draw an overly pessimistic picture of the perspectives of DCs in the era of …
Persistent link: https://www.econbiz.de/10011472076
This paper discusses the issue whether developing countries forego chances in world manufactured markets by protecting …
Persistent link: https://www.econbiz.de/10003370335
While substantial research finds that financial development boosts overall economic growth, the authors study whether financial development is pro-poor: Does financial development disproportionately raise the income of the poor? Using a broad cross-country sample, the authors find that the...
Persistent link: https://www.econbiz.de/10012559755