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Free trade between two countries (A and B) concentrates manufacturing, the invisibles (commerce, banking, shipping, insurance), capital, technology, and skills in A, the country that has an initial comparative advantage (however small) in manufacturing. Conversely, the country with a comparative...
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The process of globalization has had profound, often destabilizing, effects on space, at all levels (i.e. local … globalization over space. It considers, through a dialogue among different paradigms, the ways in which space has become more … important in the global economy. Globalization has been advocated as a way of shrinking time and space which will lead to a …
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The world economic system is now integrated, in the increased cross-border flows of goods and capital and in the … sustained activity of institutions like the UNCTAD, World Trade Organization and other regional organization. In such a world …
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This book integrates the microeconomics of trade with international finance and open economy macroeconomics. The emphasis throughout is on international competition and the limits of trade policy.Economics began with a debate over tariffs. Domestic industries lobby for protection against foreign...
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We study the diffusion of shocks in the global financial cycle and global liquidity conditions to emerging and developing economies. We show that the classification according to their external trade patterns (as commodities’ net exporters or net importers) allows to evaluate the relative...
Persistent link: https://www.econbiz.de/10013307864
Emerging Markets Resilience and Growth amid Global Turmoil provides an excellent contribution to the literature. The book covers a variety of important topics on emerging market economies and offers invaluable information for a wide range of audience; from academics to policy makers as well as...
Persistent link: https://www.econbiz.de/10008992110