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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
never been constant. Globalization increased poor country specialization in commodities when the world went open after the … of life deep into the 18th century. Does world market integration breed more or less commodity price volatility? The … been associated with much greater commodity price volatility, while world market integration associated with peace and pro …
Persistent link: https://www.econbiz.de/10012764828
/rental ratios the world round between 1870 and 1940. The data offer a useful way to identify the impact of globalization on the pre …A Third World data base documenting commodity and factor prices 1870-1940 has been collected, yielding annual time …-industrial Third World. This paper finds commodity price convergence to have been bigger in the Third World than the Atlantic economy …
Persistent link: https://www.econbiz.de/10013234038
central phenomena in the world economy. The results follow from the educational choices of workers, who decide not just how … shallow knowledge. This simple idea can inform cross-country income differences, international trade patterns, poverty traps …
Persistent link: https://www.econbiz.de/10012751445
A large body of cross-country empirical evidence identifies monetary policy and trade integration as key determinants of business cycle co-movement. Partially consistent with this, many argue that the re-emergence of the gold standard allowed for the global transmission of a deflationary shock...
Persistent link: https://www.econbiz.de/10013127427
Standard measures of poverty may reveal nothing about whether the poorest of the poor are being lifted-up or left … the developing world and the US. Across developing countries, a higher mean income comes with a higher floor. The bulk of …
Persistent link: https://www.econbiz.de/10012917602
This paper develops a theoretical framework to study the interaction between globalization and political structure. We … early stages, the political response to globalization consists of removing borders by increasing country size. In its later … stages, however, the political response to globalization is to remove borders by creating international unions, and this …
Persistent link: https://www.econbiz.de/10012997882
for highly trained and skilled scientists and engineers from the world over. Though this is likely to persist for some …
Persistent link: https://www.econbiz.de/10013324030
world, using recently developed instruments for institutions and trade. Our results indicate that the quality of …
Persistent link: https://www.econbiz.de/10013224849
Economists devote too much attention to international flows of goods and services and not enough to international flows of ideas. Traditional trade flows are an imperfect substitute for flows of the underlying ideas. The simplest textbook trade model shows that a welfare-enhancing move toward...
Persistent link: https://www.econbiz.de/10013070271