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The COVID-19 pandemic has, with alarming speed, dealt a heavy blow to an already-weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented policy support. The global recession would be deeper if countries take longer to bring the...
Persistent link: https://www.econbiz.de/10012644293
Technology and globalization are threatening manufacturing's traditional ability to deliver both productivity and jobs at a large scale for unskilled workers. Concerns about widening inequality within and across countries are raising questions about whether interventions are needed and how...
Persistent link: https://www.econbiz.de/10012248638
of these variables in conflict-afflicted economies with economies that did not experience social conflict. The analyses … cover episodes of conflict from around the world and study the evolution of these variables during the five years prior to … and five years after the onset of conflicts. Further, four alternative definitions of social conflict are used to …
Persistent link: https://www.econbiz.de/10012002364
Vietnam has achieved remarkable success in reducing poverty while controlling inequality. The country's broad-based growth reflects the government's focus on developing labor-intensive export sectors while investing heavily in human capital that saw the country exceed its peers. However, gains...
Persistent link: https://www.econbiz.de/10012645200
Industrial production and services growth remained resilient. Inflation has accelerated, primarily due to supply shocks. Monetary policy has been accommodative. Financial sector vulnerability is rising. With a tightening of prudential controls, lending rates are back to double digits. Despite...
Persistent link: https://www.econbiz.de/10012645205
The world economy is not what it used to be twenty years ago. For most of the 20th century, the world economy was characterized by developed (North) countries acting as 'center' to a 'periphery' of developing (South) countries. However, the recent rise of developing economies suggests the need...
Persistent link: https://www.econbiz.de/10012245131
This paper looks at the role and design of regulatory reform institutions in developing countries. These institutions … and by promoting the regulatory reform agenda; and 4) Ad hoc institutions for regulatory reform, established to launch …: section one briefly reviews the theoretical debate and literature about the role of institutions in facilitating higher …
Persistent link: https://www.econbiz.de/10012247308
Using data on net exports and factor endowments for more than 100 countries, this paper studies the relationship between factor endowments and comparative advantage in 28 manufacturing sectors between 1975 and 2010. The authors allow for systematic technological differences across countries,...
Persistent link: https://www.econbiz.de/10012245862
Persistent link: https://www.econbiz.de/10012246091
protecting consumers through economic regulation. Part two of this paper considers institutions and processes for implementing …
Persistent link: https://www.econbiz.de/10012247288