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 …

It has recently become popular to argue that globalization has had or will soon have dramatic consequences for the … banks. In this paper, I consider three possible mechanisms through which it might be feared that globalization can undermine … that globalization, even of a much more thorough sort than has yet occurred, is unlikely to weaken the ability of national …

between integration and synchronization depends on the type of shocks hitting the world economy, and that shocks to global …

Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to … reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of …

negative effect through reduced openness vis-...-vis the rest of the world. We estimate the growth effects that would have …

favorable nor unfavorable implication for world trade; instead the balance of trade-creating and trade-diverting effects …