trade reinforced each other before 1930, but that these effects did not persist after the Second World War. Financial … after 1945. We attribute the rising importance of trade in explaining growth to major post-World War II changes in tariffs …

The paper argues that many of the exaggerated claims that globalization has been an important factor in lowering … inflation in recent years just do not hold up. Globalization does, however, have the potential to be stabilizing for individual … globalization on the monetary transmission mechanism and arrives at the following answers: (1) Has globalization led to a decline in …

-run income loss or gain for countries that experienced crises. This is in contrast to the recent wave of globalization when …

This lecture examines whether financial globalization is beneficial to developing countries by first examining the … to examine whether globalization, particularly of the financial kind, can help encourage financial and economic … development and argues that it can. However, financial globalization does not always work to encourage economic development …

This paper explains the problem of adjustment to the challenges of globalization in terms of the logic underpinning … choices at the heart of globalization. Frequently, the trilemmas conjure up countervailing anti-globalization tendencies and …