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Persistent link: https://www.econbiz.de/10001708383
This paper examines the consequences of heightened capital mobility and of the integration of developing economies in increasingly globalized markets for the exchange rate regimes of the industrial, developing, and transition economies. It builds upon previous studies by IMF staff on various...
Persistent link: https://www.econbiz.de/10014404968
Persistent link: https://www.econbiz.de/10003829297
Since the early 1990s, many countries in sub-Saharan Africa have made significant progress in opening their economies to external competition through trade and currency liberalization. This paper analyzes trade and policy developments for 22 countries in eastern and southern Africa, looks at...
Persistent link: https://www.econbiz.de/10014404966
China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been …
Persistent link: https://www.econbiz.de/10014405175
Economists devote too much attention to international flows of goods and services and not enough to international flows of ideas. Traditional trade flows are an imperfect substitute for flows of the underlying ideas. The simplest textbook trade model shows that a welfare-enhancing move toward...
Persistent link: https://www.econbiz.de/10012462900
labor regulation of partners because intraindustry trade was important. The New World exported less differentiated products …
Persistent link: https://www.econbiz.de/10012463276
the (less rich) Old World more equal. The evidence on the links between within-country inequality and globalization in the … the links between them. In doing so, it distinguishes between (a) the different dimensions of globalization; and (b …) between-country and within-country inequality. Theory suggests that globalization will have very different implications for …
Persistent link: https://www.econbiz.de/10012470385
actual aggregate cross-section data for 89 countries in 2011 to a hypothetical world without FDI. The gains from FDI amount … to 9\% of world's welfare and to 11% of world's trade, unevenly distributed among winners and losers. Net exports of FDI …
Persistent link: https://www.econbiz.de/10012453954
exorbitant privilege, spillovers of the U.S. monetary policy to the rest of the world, and the dollar as a global risk factor. In …
Persistent link: https://www.econbiz.de/10012481230