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The Rise of Middle Kingdoms : Emerging Economies in Global Trade

Hanson, Gordon H. - 2012

-income countries into the global economy. Led by China and India, the share of developing economies in global exports more than doubled … between 1994 and 2008. One feature of new trade patterns is greater South-South trade. China and India have booming demand for …-South commerce overtakes North-North flows. China's export specialization evolves rapidly over time, revealing a capacity to speed up …

Persistent link: https://www.econbiz.de/10013108243

Trade, Variety, and Immigration

Bo, Chen - 2012

What are the gains from international trade? And how do immigrants influence this process? While economists have considered these questions before, particularly in the context of aggregate trade flows, there has been no work assessing the relation between immigration and international trade in...

Persistent link: https://www.econbiz.de/10013108248

Financial Development and the Choice of Trade Partners

Chan, Jackie - 2013

What determines the choice of countries' trade partners? We show theoretically and empirically that financial market imperfections affect the number and identity of exporters' destinations. Bigger economies with lower trade costs are more attractive markets because they offer higher export...

Persistent link: https://www.econbiz.de/10013085496

Global Macroeconomic and Financial Supervision : Where Next?

Goodhart, Charles - 2013

The overriding practical problem now is the tension between the global financial and market system and the national political and power structures. The main analytical short-coming lies in the failure to incorporate financial frictions, especially default, into our macro-economic models. Neither...

Persistent link: https://www.econbiz.de/10013091914

International Policy Coordination : The Long View

Eichengreen, Barry - 2013

This paper places current efforts at international economic policy coordination in historical perspective. It argues that successful cooperation is most likely in four sets of circumstances. First, when it centers on technical issues. Second, when cooperation is institutionalized - when...

Persistent link: https://www.econbiz.de/10013091942

Coping with Shocks and Shifts : The Multilateral Trading System in Historical Perspective

Irwin, Douglas A. - 2013

This paper provides a historical look at how the multilateral trading system has coped with the challenge of shocks and shifts. By shocks we mean sudden jolts to the world economy in the form of financial crises and deep recessions, or wars and political conflicts. By shifts we mean slow-moving,...

Persistent link: https://www.econbiz.de/10013092123

International Standards and International Trade : Empirical Evidence from ISO 9000 Diffusion

Clougherty, Joseph A. - 2014

Empirical scholarship on the standards-trade relationship has been held up due to methodological challenges: measurement, varied effects, and endogeneity. Considering the trade-effects of one particular standard (ISO 9000), we surmount methodological challenges by measuring standardization via...

Persistent link: https://www.econbiz.de/10013066003

Can the Doha Round Be a Development Round? Setting a Place at the Table

Bagwell, Kyle - 2014

A fundamental objective of the Doha Round of WTO negotiations is to improve the trading prospects of developing countries. The 2001 declaration from the WTO Ministerial Conference in Doha, Qatar, commits the member governments to negotiations aimed at substantial improvements in market access...

Persistent link: https://www.econbiz.de/10013067007

Specialization : Pro- and Anti-Globalizing, 1990-2002

Anderson, James E. - 2014

Specialization alters the incidence of manufacturing trade costs to buyers and sellers, with pro-and anti-globalizing effects on 76 countries from 1990-2002. The structural gravity model yields measures of Constructed Home Bias (the ratio of predicted local trade to predicted frictionless local...

Persistent link: https://www.econbiz.de/10013069388

Which Parts of Globalization Matter for Catch-Up Growth?

Romer, Paul M. - 2014

life expectancies in poor and rich countries began to converge. Another example comes from China, where authorities …

Persistent link: https://www.econbiz.de/10013070271