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

What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing …

in approximately 4000 markets per country. We then move from groundnuts to globalization by building an exact TFP index … the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects …

Despite the major advances in information technology that have shaped the recent wave of globalization, openness to … suggests that a particular threat and a limiting factor to globalization and its future developments may be militarist …

-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 …