Global trade flows : old structures, new issues, empirical evidence / Richard J. Grant, Maria C. Papadakis, and J. David Richardson -- The Uruguay Round and the GATT : whither the global system ? / John Whalley -- Globalism and regionalism : complements or competitors? / Soogil Young -- The...

"South Korea's experience is unparalleled in its combination of sustained prosperity, capital controls, and financial crisis. Over several decades, South Korea experienced rapid sustained growth in the presence of capital controls. These controls and the de-linking of domestic and international...

This paper studies the effects of financial liberalization and banking crises on growth. It shows that financial liberalization spurs on average economic growth. Banking crises are harmful for growth, but to a lesser extent in countries with open financial systems and good institutions. The...