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International Migration and the Integration of Labor Markets

Chiswick, Barry R.; Hatton, Timothy J. - 2002

centuries. It begins with a review of the history of primarily trans-Atlantic migration to the New World during the period of … Oceania and from parts of Asia (primarily India, China and Japan) to other parts of Asia, Africa and the New World. World wars …, immigration restrictions and the Great Depression resulted in a period of low international migration (1913 to 1945). In the post-World …

Persistent link: https://www.econbiz.de/10010262688

How Outsourcing Affects Bilateral Political Relations

Polachek, Solomon W. - 2004

One issue the literature neglects is how outsourcing stimulates trade (imports, exports and foreign direct investment), thereby affecting political relations. However, at least as far back as 1750, economic philosophers such as Baron de Montesquieu in his L?Esprit des Lois, argued, ?peace is the...

Persistent link: https://www.econbiz.de/10010262075

Re-orient? MNC penetration and contemporary shifts in the global political economy

Tausch, Arno; Heshmati, Almas - 2009

This article analyses IMF estimates of economic growth in 180 countries (IMF, 2009), and inks the results to the Re-orient approach, put forward by Frank, 1998. With global economic gravitation shifting to the Indian Ocean/Pacific region, the article also analyses the role of MNC (foreign...

Persistent link: https://www.econbiz.de/10010271250

Isolating the network effect of immigrants on trade

Aleksynska, Mariya; Peri, Giovanni - 2012

Within the migration-trade nexus literature, this paper proposes a more carefully defined measure of migration business networks, and quantifies its impact on bilateral trade. Using cross-sectional data and controlling for the overall bilateral stock of migrants, the share of migrants employed...

Persistent link: https://www.econbiz.de/10010289979

Why populist democracy promotes market liberalization

Grosjean, Pauline; Senik, Claudia - 2008

Using a new set of micro evidence from an original survey of 28 transition countries, we show that democracy increases citizens' support for the market by guaranteeing income redistribution to inequality-averse agents. Our identification strategy relies on the restriction of the sample to...

Persistent link: https://www.econbiz.de/10010268619

Financial liberalization and democracy: the role of reform reversals

Campos, Nauro F.; Coricelli, Fabrizio - 2009

The relationship between economic and political liberalization has received a great deal of attention lately, yet the possibility of a nonlinear relationship and the role of reversals remain largely neglected. Focusing on democratization and financial reform, this paper offers evidence for a...

Persistent link: https://www.econbiz.de/10010269387

India's approach to capital account liberalization

Prasad, Eswar S. - 2009

financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has …

Persistent link: https://www.econbiz.de/10010269146

International financial integration and Real Exchange Rate long-run dynamics in emerging countries: some panel evidence

Caporale, Guglielmo Maria; Amor, Thouraya Hadj; Rault, … - 2009

The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...

Persistent link: https://www.econbiz.de/10010271575

Role reversal in global finance

Prasad, Eswar S. - 2011

I document that emerging markets have cast off their original sin their external liabilities are no longer dominated by foreign-currency debt and have instead shifted sharply towards direct investment and portfolio equity. Their external assets are increasingly concentrated in foreign exchange...

Persistent link: https://www.econbiz.de/10010282136

Foreign Capital and Economic Growth

Prasad, Eswar S.; Rajan, Raghuram Govind; Subramanian, … - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

We document the recent phenomenon of uphill flows of capital from nonindustrial toindustrial countries and analyze whether this pattern of capital flows has hurt growth innonindustrial economies that export capital. Surprisingly, we find that there is a positivecorrelation between current...

Persistent link: https://www.econbiz.de/10005861353