How far is the world away from ensuring that every child obtains the basic skills needed to be internationally … competitive? And what would accomplishing this mean for world development? Based on the micro data of international and regional … skills for 159 countries that cover 98.1% of world population and 99.4% of world GDP. We find that at least two-thirds of the …

outsourcing of investment services. Globalization, captured by a move from autarky to the integrated-world equilibrium, leads to … globalization on the skill premium and fully-endogenous growth. Higher quality products are endogenously discovered through … convergence of wages and growth rates. Globalization and long-run growth are either substitutes or complements depending on a …

that matches cartel investigations with trade data at the product level. We then estimate the world import price and … higher world import prices and lower quantities during cartel periods, and to induce the establishment of a cartel. The …

(in contrast to final goods trade) in transmitting the shock. In a hypothetical world without GVCs, the welfare loss due …

distinct impact of financial integration and globalization on several dimensions of real activity. We find that: (a) financial … financial integration predict better growth prospects; (c) both advances in financial integration and globalization are … financial integration and globalization indeed foster countries' growth, and there appears to be no trade-off between these …

work in reorienting global trade prior to the outbreak of World War II? And what lessons may this particular historical …

We analyze whether globalization affects the composition of public expenditures for education by integrating arguments … towards lower education. In industrialized countries, on the other hand, globalization has an ambiguous effect on the …