stagnation in a traditional technology to industrialization and prosperity with a modern technology – be accelerated? Lewis (1954 …) and Rostow (1956) argue that the pace of industrialization is limited by the rate of capital formation which in turn is … limited by the savings rate of workers close to subsistence. We argue that access to capital goods in the world market can be …

We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is … measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of … positive correlation between globalization and credit market deregulation. We account for reverse causality by using predicted …

whether globalization makes it easier or harder for a country to escape from a poverty trap. Our model gives a definite answer …

-12% of the decrease in the world DVA ratio as observed between 2000-2007. For China, the counterfactual experiment robustly …