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/rental ratios the world round between 1870 and 1940. The data offer a useful way to identify the impact of globalization on the pre …
Persistent link: https://www.econbiz.de/10012470966
Internationalized production, that is, production in a country controlled by firms based in another country, grew from about 4.5% of world output in 1970 to over 7% in 1995. The importance of internationalized output fell substantially in developing countries until around 1990 but has been been...
Persistent link: https://www.econbiz.de/10012472403
Globalization and robotics (globotics) are transforming the world economy at an explosive pace. While much of the …
Persistent link: https://www.econbiz.de/10012479255
Many of the exports of developing countries are channeled through global value chains (GVCs), which also act as conduits for new technologies. However, new capabilities and productive employment remain limited so far to a tiny sliver of globally integrated firms. GVCs and new technologies...
Persistent link: https://www.econbiz.de/10012480816
Progress in artificial intelligence and related forms of automation technologies threatens to reverse the gains that developing countries and emerging markets have experienced from integrating into the world economy over the past half century, aggravating poverty and inequality. The new...
Persistent link: https://www.econbiz.de/10012482670
, globalization has been good for growth in poor countries at least by diminishing price volatility. But comparative advantage has … never been constant. Globalization increased poor country specialization in commodities when the world went open after the …Poor countries are more volatile than rich countries, and we know this volatility impedes their growth. We also know …
Persistent link: https://www.econbiz.de/10012463899
which financial globalization can be a substitute for reforms of domestic financial system. Inefficient financial system and … poor corporate governance in a country may be completely bypassed by two-way capital flows in which domestic savings leave … investment. While financial globalization always improves the welfare of a developed country with a good financial system, its …
Persistent link: https://www.econbiz.de/10012465505
We discuss recent empirical research on how globalization has affected income inequality in developing countries. We … begin with a discussion of conceptual issues regarding the measurement of globalization and inequality. Next, we present … empirical evidence on the evolution of globalization and inequality in several developing countries during the 1980s and 1990s …
Persistent link: https://www.econbiz.de/10012465771
The literature on the benefits and costs of financial globalization for developing countries has exploded in recent … perspective on the macroeconomic effects of financial globalization, both in terms of growth and volatility. Overall, our critical … benefit from financial globalization, but with many nuances. On the other hand, there is little systematic evidence to support …
Persistent link: https://www.econbiz.de/10012466181
evidence suggests that the poor are more likely to share in the gains from globalization when there are complementary policies …, financial crises are very costly to the poor. Finally, the collected evidence suggests that globalization produces both winners …This essay surveys the evidence on the linkages between globalization and poverty. I focus on two measures of …
Persistent link: https://www.econbiz.de/10012466318