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The world has seen two globalization booms over the past two centuries, and one bust. The first global century ended … globalization on commodity price structure, the causes of protection, the impact of world migration on poverty eradication, and the …
Persistent link: https://www.econbiz.de/10012469549
years were also ones of economic autarky and 'de-globalization', while the rest were ones of increasing globalization in … world commodity and factor markets, history offers an unambiguous positive correlation between globalization and convergence … causal: the globalization of commodity and factor markets served to play a critical, perhaps the critical, role in …
Persistent link: https://www.econbiz.de/10012473616
W. Arthur Lewis argued that a new international economic order emerged between 1870 and 1913, and that global terms of trade forces produced rising primary product specialization and de-industrialization in the poor periphery. More recently, modern economists argue that volatility reduces growth...
Persistent link: https://www.econbiz.de/10012464805
This paper documents a stylized fact not well appreciated in the literature. The Third World has been undergoing an emigration life cycle since the 1960s, and, except for Africa, emigration rates have been level or even declining since a peak in the late 1980s and the early 1990s. The current...
Persistent link: https://www.econbiz.de/10012463862