For a long time globalization could be seen everywhere but in gravity estimates. We offer evidence how globalization …

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 …

Using the KOF Index of Globalization and two indices of economic freedom, we empirically analyze whether globalization …-2004 period. According to our results, physical integrity rights significantly and robustly increase with globalization and …

large parts of the world. In this paper we explore the financial and the trade channel in a unified framework and quantify …

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

Thomas Friedman has argued in The World is Flat that those who deny rapid globalization will not survive in the global … economy. First, we critically discuss Friedman's views and highlight the new globalization driven by outsourcing and vertical … world. The world is not flat, and the developing world certainly is not. Still, mega-cities tend to become too big. Their …

, Europe, and Oceania for the period from 1870 to 2000 and demonstrate an overriding role for declining trade costs in the pre-World … War I trade boom. In contrast, for the post-World War II trade boom we identify changes in output as the dominant force …