anticipated the collapse of the first era of globalization that began in the mid-nineteenth century. He admonished the short … organize: World War I, Bretton Woods, 1970s Great Inflation and Managed Floating. Each turning point was characterized by …

In a world economy that is highly integrated, most policies produce effects across the border. This is often believed … public good (GPG) and the second under "beggar-thy-neighbor" (BTN) policies. However, the world economy is not a global …

This paper applies an interpretation of how globalization and governance (G&G) interact with convergence given Cape … Verde and Mozambique's particular geographical and historical contexts. We hold that development success under globalization … diversification (an indicator of globalization) and income convergence (an indicator of governance) in the sub-regions of West and …

impact of financial globalization has been remarkably limited. I argue that country attributes are still critical to … ability of a country to take advantage of financial globalization. The twin agency problems help explain why the impact of … financial globalization has been limited and why financial globalization can lead to capital flight and financial crises. The …

imbalances in the world economy, then a drastic reform of the international monetary system (if one is needed) might better wait …

time, the definition of external balance has evolved in response to changes in the world economy's structure. The foreign …