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lending. Financial transfers in the form of worker remittances have received less attention in this context. This paper … provides an analysis on the magnitude of remittances, their volatility, and their relationship to other capital flows. Moreover …, we provide empirical evidence on the determinants of remittances and private capital flows. …
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The globalization of capital and product markets has many implications for economic welfare. Countries can specialize in the production of goods for which they have comparative advantages, and capital is allocated more efficiently. However, one potentially adverse effect of globalization is the...
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