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The first wave of globalization (1830-1914) witnessed a decline in the number of countries from 125 to 54. Political … consolidation was often achieved through war and conquest. The second wave of globalization (1950-present) has led instead to an … globalization and political structure that accounts for these trends and their reversal. We show that political structure adapts to …
Persistent link: https://www.econbiz.de/10012456628
The economic changes associated with globalization tighten financial pressures on governments of high-income countries … and import tariffs, much more heavily than do larger countries. Since the rapid pace of globalization implies that all …
Persistent link: https://www.econbiz.de/10012463983
Some world historians attach globalization big bang' significance to 1492 (Christopher Colombus stumbles on the … important events in recorded history. Other world historians insist that globalization stretches back even earlier. There is a … third view which argues that the world economy was fragmented and completely de-globalized before the 19th century. None of …
Persistent link: https://www.econbiz.de/10012471135
Measured by the ratio of trade to output, the period 1870 1913 marked the birth of the first era of trade globalization …
Persistent link: https://www.econbiz.de/10012469388
After decades of rising global economic integration, the world economy is now fragmenting. To measure this phenomenon …
Persistent link: https://www.econbiz.de/10014576667
This paper analyzes the factors influencing whether countries become tax havens. Roughly 15 percent of countries are tax havens; as has been widely observed, these countries tend to be small and affluent. This paper documents another robust empirical regularity: better-governed countries are...
Persistent link: https://www.econbiz.de/10012465857
I search for a "scale" effect in countries. I use a panel data set that includes 200 countries over forty years and link the population of a country to a host of economic and social phenomena. Using both graphical and statistical techniques, I search for an impact of size on the level of income,...
Persistent link: https://www.econbiz.de/10012466477
We discuss most favoured nation (MFN) treatment in trade agreements, suggesting that its value to individual countries depends critically on the relevant model solution concept used to evaluate it. We analyze both rights to MFN treatment in foreign markets, and the obligation to grant MFN...
Persistent link: https://www.econbiz.de/10012472344
This paper shows that smaller countries have larger public sectors as a share of GDP, and are also more open to trade. These empirical observations are consistent with recent theoretical models explaining country formation and break up
Persistent link: https://www.econbiz.de/10012472793
The gravity equation in international trade is one of the most robust empirical finding in economics: bilateral trade between two countries is proportional to size, measured by GDP, and inversely proportional to the geographic distance between them. While the role of size is well understood, the...
Persistent link: https://www.econbiz.de/10012459376