Showing 1 - 10 of 14
The global economic slowdown has again highlighted the vulnerability of export-led development models and economies to downturns in export markets. Economic deepening or "rebalancing" with an emphasis on service-sector development should be - and is becoming - one long-term response to the...
Persistent link: https://www.econbiz.de/10003983157
This paper examines how the services sector could provide decent and gainful employment in developing Asia. Using … living wages as a reference point, this paper reports that a significant portion of the workforce in developing Asian … productivity, higher wages, and large reductions in poverty. Recent developments of information and communication technology …
Persistent link: https://www.econbiz.de/10011992217
This paper extends our previous paper (Aizenman, Chinn, and Ito 2008) and explores some of the unexplored questions. First, we examine the channels through which the trilemma policy configurations affect output volatility. Secondly, we investigate how trilemma policy configurations affect the...
Persistent link: https://www.econbiz.de/10003983276
This paper explores the stability of the key conditioning variables accounting for real estate valuation before and after the crisis of 2008 - 2009, in a panel of 36 countries, for the period of 2005:I - 2012:IV, recognizing the incidence of global financial crisis. Our paper validates the...
Persistent link: https://www.econbiz.de/10009771831
We develop a new set of indexes of exchange rate stability, monetary policy independence, and financial market openness as the metrics for the trilemma hypothesis. In our exploration, we take a different and more nuanced approach than the previous indexes developed by Aizenman, Chinn, and Ito...
Persistent link: https://www.econbiz.de/10009620473
Since the early 1990s, regional trade agreements (RTAs) covering trade in services have proliferated, with 95 RTAs on services notified to the World Trade Organization (WTO) under Article V of the General Agreement on Trade in Services (GATS), as of June 2011. This paper discusses how RTAs...
Persistent link: https://www.econbiz.de/10009271964
In this paper we critically review the relevant information and literature that can enhance the feasibility and the successful implementation of cross-border infrastructure projects. We provide detailed information concerning foreign direct investment in the major emerging regions: East Asia and...
Persistent link: https://www.econbiz.de/10008933439
Trade can and should play an important role in making progress to achieve the Sustainable Development Goals. This includes trade and investment in services, as realizing many of the goals is conditional on improved performance of services sectors in developing countries. The global environment...
Persistent link: https://www.econbiz.de/10012700556
While trade can greatly contribute to providing more education opportunities in the development world, its potential has not been fully exploited so far. This paper examines how international trade can help increase supply of and investment in higher education, thereby enhancing access and...
Persistent link: https://www.econbiz.de/10011626213
Digital trade facilitation refers to the application of modern information and communication technologies (ICTs) to simplify and automate international trade procedures. It is rapidly becoming essential to maintaining trade competitiveness and enabling effective participation in cross-border...
Persistent link: https://www.econbiz.de/10011658327