trade, providing a natural hedge against world price fluctuations. We find the consumption terms of trade at local prices is … more volatile than at world prices, but the two are strongly positively correlated. The same commodities dominate the …

reason might be perspective. Most convergence papers frame the analysis in a `Solow world' in which countries exist … independent of one another. But most international trade economists have a very different perspective of a world in which … convergence. Finally, I give two examples applying some of these ideas to real-world data. The basic point of the paper is that …

the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects …

starts by exploring the disadvantages associated with geographic isolation from world markets and the transport revolutions … fostered trade, policy suppressed it: tariff rates were higher in Latin America than almost anywhere else in the world between … World War I, while it fell thereafter. The correlation between globalization and inequality is likely to have been causal …

This paper presents assesses of the contribution of inward FDI to China%u2019s recent rapid economic growth using a two … Chinese economy. These enterprises account for over 50% of China%u2019s exports and 60% of China%u2019s imports. Their share … decomposition results indicate that China%u2019s FIEs may have contributed over 40% of China%u2019s economic growth in 2003 and 2004 …