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Putting Global Governance in its Place
Rodrik, Dani - 2019
In a world economy that is highly integrated, most policies produce effects across the border. This is often believed to be an argument for greater global governance, but the logic requires scrutiny. There remains strong revealed demand for policy and institutional diversity among nations,...
Persistent link: https://www.econbiz.de/10012480157
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Globalization, Government Popularity, and the Great Skill Divide
Aksoy, Cevat G. - 2018
How does international trade affect the popularity of governments and leaders? We provide the first large-scale, systematic evidence that the divide between skilled and unskilled workers worldwide is producing corresponding differences in the response of political preferences to trade shocks....
Persistent link: https://www.econbiz.de/10012480715
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Globalization, Governance, and the Returns to Cross-Border Acquisitions
Ellis, Jesse - 2011
Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...
Persistent link: https://www.econbiz.de/10012461981
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Cape Verde and Mozambique as Development Successes in West and Southern Africa
de Macedo, Jorge Braga - 2010
This paper applies an interpretation of how globalization and governance (G&G) interact with convergence given Cape … Verde and Mozambique's particular geographical and historical contexts. We hold that development success under globalization … diversification (an indicator of globalization) and income convergence (an indicator of governance) in the sub-regions of West and …
Persistent link: https://www.econbiz.de/10012462105
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Globalization, the Business Cycle, and Macroeconomic Monitoring
Aruoba, S. Boragan - 2010
We propose and implement a framework for characterizing and monitoring the global business cycle. Our framework utilizes high-frequency data, allows us to account for a potentially large amount of missing observations, and is designed to facilitate the updating of global activity estimates as...
Persistent link: https://www.econbiz.de/10012462392
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The WTO : Theory and Practice
Bagwell, Kyle - 2009
We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, GATT. We review recent developments in the relevant theoretical and empirical literature. And we describe the GATT/WTO architecture and briefly trace its historical antecedents. We suggest that the...
Persistent link: https://www.econbiz.de/10012463204
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The Geography and Channels of Diffusion at the World's Technology Frontier
Keller, Wolfgang - 2001
Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global spillovers favor convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of countries with persistently different levels of income per...
Persistent link: https://www.econbiz.de/10012470576
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Is Real Exchange Rate Mean Reversion Caused By Arbitrage?
Campa, Jose M. - 1997
The presence of purchasing power parity is often attributed to the exploitation of arbitrage opportunities in goods markets. We examine this presumption for a 1960-1996 monthly panel of bilateral exchange rates and trade for the G7 countries. The data exhibit strong mean reversion. However,...
Persistent link: https://www.econbiz.de/10012472652
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Bilateral Trade as a Development Instrument Under Global Trade Restrictions
Nashashibi, Karim - 1974
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...
Persistent link: https://www.econbiz.de/10012479072
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Monetary Policy in an Era of Global Supply Chains
Wei, Shang-Jin - 2020
We study the implications of global supply chains for the design of monetary policy, using a small-open economy New Keynesian model with multiple stages of production. Within the family of simple monetary policy rules with commitment, a rule that targets separate producer price inflation at...
Persistent link: https://www.econbiz.de/10012479127