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The analysis of Baltic regional trade patterns reveals that during the nineties the Baltic states made significant progress to integrate into the Western European division of labour although a significant share of (transit) trade with Russia remained. In view of this development, history seems...
Persistent link: https://www.econbiz.de/10011490984
advantage. Financial globalization then induces more specialization and more trade. The present framework yields explicit closed …
Persistent link: https://www.econbiz.de/10014403975
the weight of U.S. liabilities in the rest of the world''s stock of external assets. Finally, it relates the empirical …
Persistent link: https://www.econbiz.de/10014404202
, 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 …
Persistent link: https://www.econbiz.de/10015419520
The traditional trade theory predicts that trade in goods perfectly substitutes for direct movement of factors. This equivalence between goods trade and factor movements, however, depends crucially on assumptions about the production. This paper establishes necessary and sufficient conditions...
Persistent link: https://www.econbiz.de/10011475988
The paper analyses sectoral patterns of intra-Asian trade for selected Asian countries as well as for sub-regions within Asia. Beyond a general trend towards manufactures, it reveals remarkable differences in specialisation profiles between lagging South Asian countries still concentrating on...
Persistent link: https://www.econbiz.de/10011472090
The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet empirical evidence on the possible magnitudes is still scarce. This paper uses four different datasets to estimate the determinants of international asset holdings and trade...
Persistent link: https://www.econbiz.de/10011472489
enhances globalization. We use UN voting data to proxy for international alignment and show that hegemons induce alignment …
Persistent link: https://www.econbiz.de/10015405269
Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
Persistent link: https://www.econbiz.de/10014400737
stands for "incomplete" globalization. It is shown that the gap has steadily declined for most countries over the sample …. -- Globalization ; Market Integration ; International Trade …
Persistent link: https://www.econbiz.de/10003838431