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

, tends to support globalization. However, the transition to a multipolar world can trigger fragmentation, which is …How do shifts in the global balance of power shape the world economy? We propose a theory of alignment-based “hegemonic … globalization,” built on two central premises: countries differ in their preferences over policies (such as the rule of law or …

World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II … growth in manufacturing world trade along these two margins. We propose a "cornersolutions- version"of the gravity model to …

We examine the effects of World Uncertainty and Geopolitical Risk on Trade flows for 31 European economies between 1995 …

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 … community is presumably less effective in promoting empowerment rights. -- human rights ; globalization ; economic freedom …

We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …