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Common wisdom dictates that uncertainty impedes trade—we show that uncertainty can fuel more trade in a simple general equilibrium trade model with information frictions. In equilibrium, increases in uncertainty increase both the mean and the variance in returns to exporting implying that...
Persistent link: https://www.econbiz.de/10012891335
This essay surveys the evidence on the linkages between globalization and poverty. I focus on two measures of … globalization: trade and international capital flows. Past researchers have argued that global economic integration should help the … evidence suggests that the poor are more likely to share in the gains from globalization when there are complementary policies …
Persistent link: https://www.econbiz.de/10012761253
The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...
Persistent link: https://www.econbiz.de/10013052107
This paper evaluates how much of the economics profession has evaluated the evidence on the relationship between international trade and economic growth. The paper highlights the basic approaches to the trade and growth question that the literature has adopted. The case is made that more...
Persistent link: https://www.econbiz.de/10013221540
. The paper provides an overview of the new globalization trends in the world and in Israel, with emphasis on the role of …Post WWII globalization forces are facing headwinds in the form of global crises-the “The Great Recession” and the “The … Pandemic Recession”. Israel’s trade and financial globalization, however, is steadily rising. The pandemic-induced slump in …
Persistent link: https://www.econbiz.de/10013250932
Despite the major advances in information technology that have shaped the recent wave of globalization, openness to … suggests that a particular threat and a limiting factor to globalization and its future developments may be militarist …
Persistent link: https://www.econbiz.de/10013148385
Introduction -- Chapter 1: Four Paradigms -- Chapter 2: Global Political Economy and the Driving Force of Globalization …
Persistent link: https://www.econbiz.de/10012397025
Development is a major contribution to the debate on the great and delicate issues facing the world economy in the years to come … USAID and Deputy Secretary of the World Bank, USA This enlightening book offers a comprehensive historical analysis of the … 50 years of professional experience in the World Bank, the WTO and bilateral aid agencies, Michalopoulos brings an …
Persistent link: https://www.econbiz.de/10012397736
Decades of services trade negotiations have produced a plethora of rules and commitments but limited real liberalization. One reason is a form of "negotiating tunnel vision," which has led to a focus on reciprocal market opening rather than on creating the regulatory preconditions for...
Persistent link: https://www.econbiz.de/10011929406
Takes a proactive approach to addressing big issues of world poverty, economic development, and the impact of … globalization - with recommendations for business leaders, policymakers, and concerned citizens around the worldSamli offers an …There is no doubt that the wheels of globalization are inexorably turning. Pundits on both sides of the fence argue …
Persistent link: https://www.econbiz.de/10014014691