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Global value chains : what are the benefits and why do countries participate?
Ignatenko, Anna; Raei, Faezeh; Mircheva, Borislava - 2019
Over the last two decades, world trade and production have become increasingly organized around global value chains (GVC). Recent theoretical work has shown that countries can benefit from participation in GVCs through multiple channels. However, little is known empirically about the economic...
Persistent link: https://www.econbiz.de/10012001583
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On the Viability of Conditional Assistance Programs
Mayer, Wolfgang - 2005
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
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The Impact of Foreign Interest Rateson the Economy : The Role of the Exchange Rate Regime
di Giovanni, Julian - 2006
This paper explores the connection between interest rates in major industrial countries and annual real output growth in other countries. The results show that high large-country interest rates have a contractionary effect on annual real GDP growth in the domestic economy, but that this effect...
Persistent link: https://www.econbiz.de/10014399990
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Regionalization vs. Globalization
Hirata, Hideaki - 2013
declined over the same period. In short, the recent era of globalization has witnessed the emergence of regional business …
Persistent link: https://www.econbiz.de/10014395417
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Trade and inclusive growth
Bacchetta, Marc; Cerra, Valerie; Piermartini, Roberta; … - 2021
This paper surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and...
Persistent link: https://www.econbiz.de/10012518909
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India's financial globalisation
Shah, Ajay; Patnaik, Ila - 2010
Persistent link: https://www.econbiz.de/10009488694
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India's Financial Globalisation
Patnaik, Ila - 2011
India embarked on reintegration with the world economy in the early 1990s. At first, a certain limited opening took …
Persistent link: https://www.econbiz.de/10014403094
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Challenges to Monetary Policy From Financial Globalization : The Case of India
Prasad, A. - 2008
The question of how India should adapt monetary policy to ongoing financial globalization has gained prominence with … countries that have adapted to financial globalization, drawing lessons for India. While we find no strong relationship between … the recent surge in capital inflows. This paper documents the degree to which India has become financially globalized …
Persistent link: https://www.econbiz.de/10014401391
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6½ decades of global trade and income : “new normal” or “back to normal” after GTC and GFC?
Kalra, Sanjay - 2016
the relative role of 'globalization' and 'technology' shocks in accounting for the short and long run variance of global …
Persistent link: https://www.econbiz.de/10011711761
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Financial Globalization, Portfolio Diversification, and the Pattern of International Trade
Koren, Miklós - 2003
advantage. Financial globalization then induces more specialization and more trade. The present framework yields explicit closed …
Persistent link: https://www.econbiz.de/10014403975