Recent trends suggest the world economy may be tending towards an equilibrium with two distinct trading blocs, each …

-movements of global factors in asset prices and capital flows with commodity prices, international trade and world output as well … as the sensitivity of different parts of the world to the Global Financial Cycle. We present evidence of the causal …

shock of World War I dramatically raised the price of Chinese exports and increased the demand for these goods overseas and …'s terms of trade and further growth in China's export sector. Difference-in-differences regression estimates show that World …-unskilled wage ratio flattened out during the 1910s and then fell by eight percent during the 1920s. We simulate the effects of World …

In this paper, we provide a case study of the impact of globalization on income inequality using data across Chinese … demonstrate a greater decline in urban-rural income inequality. Thus, globalization has helped to reduce, rather than increase …