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Services, which are less traded than goods, rose from 50 percent of world expenditure in 1970 to 80 percent in 2015 …. Such structural change restrained "openness"—the ratio of world trade to world GDP—over this period. We quantify this …
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reform were trade and foreign investment. India has felt the impact of globalization through increased prosperity, partly … inability of citizens to cooperate and form effective lobbies. Preliminary calculations using data from the World Bank show that … stronger after the introduction of the liberalization policy in the 1990s. However, trade seems to have an inversely …
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exploring the role of globalization in driving the labor share. In particular, we focus on the impacts of trade openness and …
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Although a great deal of ink has been spilled over the consequences of globalization, we do not yet fully understand …
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-term sustainability of their competitiveness in international markets. These findings underline that government policy towards enhancing …
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globalization. First, while capital account openness holds promises (by potentially generating a lower cost of capital, better risk … globalization less beneficial for developing countries. Second, developing countries sometimes need to insulate themselves from … foreign monetary policy shocks. The empirical pattern appears to be somewhere between a trilemma and a dilemma. While nominal …
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