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Globalization has become the focus for a wide range of protests against various features of the world economy. This … paper aims to give a concise summary of the economic dimensions of globalization, while leaving to one side other aspects …—such as cultural, environmental, or political ones—that are beyond the scope of the IMF. Periods of increased globalization …
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The current round of multilateral trade negotiations-the Doha Round-presents an opportunity for countries to reap the benefits of trade liberalization. Unfortunately, a number of misconceptions about the likely impact of trade reforms has, in part, impeded more rapid progress toward completion...
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Although capital inflows are generally beneficial to recipient countries, they also pose a challenge for the conduct of economic policy. This paper proposes a conceptual taxonomy to guide the design of policy responses in the face of capital flows. We explore how responses to capital surges...
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