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The overriding practical problem now is the tension between the global financial and market system and the national political and power structures. The main analytical short-coming lies in the failure to incorporate financial frictions, especially default, into our macro-economic models. Neither...
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emerged to explain this phenomenon, one focusing on international trade and labor market globalization as the driving force … continued effects of technology and globalization on the labor market. …
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Over the past two decades, the percentage of the world's population living on less than a dollar a day has been cut in … half. How much of that improvement is because of-or in spite of-globalization? While anti-globalization activists mount … loud critiques and the media report breathlessly on globalization's perils and promises, economists have largely remained …
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In their striving toward development, a number of less developed countries have espoused bilateral trade as yet another policy instrument allowing them to increase their acquisition of foreign resources. This has been particularly true of the trade of India, Pakistan, and Egypt, on which some...
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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 …
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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 …
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