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Services Globalization in an Age of Insecurity : Rethinking Trade Cooperation
Mattoo, Aaditya - 2018
Decades of services trade negotiations have produced a plethora of rules and commitments but limited real liberalization. One reason is a form of "negotiating tunnel vision," which has led to a focus on reciprocal market opening rather than on creating the regulatory preconditions for...
Persistent link: https://www.econbiz.de/10012911376
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China, India, and the Future of the World Economy : Fierce Competition or Shared Growth?
Dimaranan, Betina - 2016
Although both China and India are labor-abundant and dependant on manufactures, their export mixes are very different. Only one product-refined petroleum-appears in the top 25 products for both countries, and services exports are roughly twice as important for India as for China, which is much...
Persistent link: https://www.econbiz.de/10012747660
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Human Capital, Trade Liberalization, and Income Risk
Krebs, Tom - 2016
Using data from Mexico, the authors study empirically the link between trade policy and individual income risk and the extent to which this varies across workers of different human capital (education) levels. They use longitudinal income data on workers to estimate time-varying individual income...
Persistent link: https://www.econbiz.de/10012747694
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Asian Century or Multi-Polar Century?
Dollar, David - 2016
The rise of Asia is something of a myth. During 1990-2005 China accounted for 28 percent of global growth, measured at Purchasing Power Parity (PPP). India accounted for 9 percent. The rest of developing Asia, with nearly a billion people, accounted for only 7 percent, the same as Latin America....
Persistent link: https://www.econbiz.de/10012747802
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Financial Globalization in Emerging Countries : Diversification vs. Offshoring
Ceballos, Francisco - 2017
Financial globalization has gathered attention since the early 1990s because of its macro-financial implications and … growing importance. But financial globalization has taken shape via different forms over time. This paper examines two … important, concurrent dimensions of financial globalization: diversification and offshoring. The diversification dimension …
Persistent link: https://www.econbiz.de/10012975170
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Global Recessions
Kose, M. Ayhan - 2020
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global gross domestic product contracted, and this contraction was accompanied by weakening of other key indicators of global...
Persistent link: https://www.econbiz.de/10012840241
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Some Thoughts on Making Long-Term Forecasts for the World Economy
Fardoust, Shahrokh - 2017
projections and scenario analysis. Such forecasting has become increasingly challenging, thanks to the rapid pace of globalization …-house researchers and global experts who work on state-of-the-art models related to globalization, technological progress and …
Persistent link: https://www.econbiz.de/10012973755
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Trade in A'Green Growth'Development Strategy : Global Scale Issues and Challenges
de Melo, Jaime - 2017
This paper surveys the state of knowledge about the trade-related environmental consequences of a country's development strategy along three channels: (i) direct trade-environment linkages (overexploitation of natural resources and trade-related transport costs); (ii)' virtual trade' in...
Persistent link: https://www.econbiz.de/10012974889
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Measuring the Impacts of Global Trade Reform with Optimal Aggregators of Distortions
Laborde, David - 2017
Traditional weighted-average measures of trade distortions are widely used in analyzing global and regional reforms, despite well-known deficiencies. This paper develops and applies optimal aggregators for the real-world case of multiple countries and commodities with much more detailed...
Persistent link: https://www.econbiz.de/10012975999
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Trade Crisis and Recovery : Restructuring of Global Value Chains
Milberg, William - 2017
The recent large and rapid slowdown in economic activity has resulted in even larger and more rapid declines in international trade. As world trade is set to rebound, this paper addresses three questions: (i) Will trade volumes rebound in a symmetric fashion as world economic growth rebounds?...
Persistent link: https://www.econbiz.de/10012976553