Showing 1 - 10 of 271
Large gaps in labor productivity between the traditional and modern parts of the economy are a fundamental reality of developing societies. In this paper, we document these gaps, and emphasize that labor flows from low-productivity activities to high-productivity activities are a key driver of...
Persistent link: https://www.econbiz.de/10012461515
Reducing global poverty and addressing climate change and other environmental crises are among the most important challenges facing humanity today. This review article discusses one way in which these problems are intertwined: economic development affects the environment. I synthesize recent...
Persistent link: https://www.econbiz.de/10012616638
This article proposes and evaluates four hypotheses about US pollution and environmental policy over the last half … century. First, air and water pollution have declined substantially, although greenhouse gas emissions have not. Second …, environmental policy explains a large share of these trends. Third, much of the regulation of air and drinking water pollution has …
Persistent link: https://www.econbiz.de/10012696387
This lecture examines whether financial globalization is beneficial to developing countries by first examining the … to examine whether globalization, particularly of the financial kind, can help encourage financial and economic … development and argues that it can. However, financial globalization does not always work to encourage economic development …
Persistent link: https://www.econbiz.de/10012466780
This paper provides a comprehensive assessment of empirical evidence about the impact of financial globalization on …, we do find that financial globalization can be beneficial under the right circumstances. Empirically, good institutions … and quality of governance are crucial in helping developing countries derive the benefits of globalization. Similarly …
Persistent link: https://www.econbiz.de/10012467745
/rental ratios the world round between 1870 and 1940. The data offer a useful way to identify the impact of globalization on the pre …A Third World data base documenting commodity and factor prices 1870-1940 has been collected, yielding annual time …-industrial Third World. This paper finds commodity price convergence to have been bigger in the Third World than the Atlantic economy …
Persistent link: https://www.econbiz.de/10012470966
never been constant. Globalization increased poor country specialization in commodities when the world went open after the … of life deep into the 18th century. Does world market integration breed more or less commodity price volatility? The … been associated with much greater commodity price volatility, while world market integration associated with peace and pro …
Persistent link: https://www.econbiz.de/10012463899
The literature on the benefits and costs of financial globalization for developing countries has exploded in recent … perspective on the macroeconomic effects of financial globalization, both in terms of growth and volatility. Overall, our critical … benefit from financial globalization, but with many nuances. On the other hand, there is little systematic evidence to support …
Persistent link: https://www.econbiz.de/10012466181
This essay surveys the evidence on the linkages between globalization and poverty. I focus on two measures of … globalization: trade and international capital flows. Past researchers have argued that global economic integration should help the … evidence suggests that the poor are more likely to share in the gains from globalization when there are complementary policies …
Persistent link: https://www.econbiz.de/10012466318
(1) The U.S. share of the world's science and engineering graduates is declining rapidly as European and Asian …
Persistent link: https://www.econbiz.de/10012467223