How do public and private information affect equilibrium allocations and social welfare in economies with investment …

investment. While financial globalization always improves the welfare of a developed country with a good financial system, its … which financial globalization can be a substitute for reforms of domestic financial system. Inefficient financial system and … the country in the form of financial capital outflows but domestic investment takes place via inward foreign direct …

student flows, business travel, and tourism. Despite its peripheral status in debates over globalization, the movement of …

Globalization, in the form of financial flows, which is always advantageous on an aggregative level, typically creates … winners and losers, if left exclusively to market forces. The effects of financial globalization on income inequality depends …-exporting case, financial globalization drives up return to savings and drives down wages. In the capital-importing case, financial …

illustrates that, statically, globalization (defined as reduced trade barriers) has ambiguous effects on welfare, while …, dynamically, intensified globalization boosts domestic innovation through induced international competition. Accounting for …