Showing 1 - 10 of 336
Although both China and India are labor-abundant and dependant on manufactures, their export mixes are very different … twice as important for India as for China, which is much better integrated into global production networks. Even assuming … India also begins to integrate into global production chains and expands exports of manufactures, there seems to be …
Persistent link: https://www.econbiz.de/10012747660
The paper examines the ways in which recent economic growth has been uneven in China and India and what this has meant … and development. The authors argue that the development paths of both China and India have been influenced by, and have …
Persistent link: https://www.econbiz.de/10012747908
Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly … way it is often measured, it has also led to the misperception that financial globalization in emerging markets has been … growing in recent years. The authors characterize the evolution of financial globalization in emerging markets using …
Persistent link: https://www.econbiz.de/10013068213
and Development (OECD) countries from developing countries like Brazil, India, Malaysia, and South Africa as a share of …
Persistent link: https://www.econbiz.de/10013070851
common factors exhibits a "globalization" stage up to 2007, during which they acquire growing importance, followed by a phase …
Persistent link: https://www.econbiz.de/10012926785
The past decades witnessed big changes in international trade with the rise of global value chains. Some countries, such as China, Poland, and Vietnam, rode the tide, while other countries, many in the Africa region, faltered. This paper studies the determinants of participation in global value...
Persistent link: https://www.econbiz.de/10012838624
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
The paper offers an overview of some key conceptual aspects associated with the rise of global value chains (GVCs). It outlines a series of alternative interpretations and definitions of what the rise of GVCs entails, and it traces the implications of these alternative conceptualizations for the...
Persistent link: https://www.econbiz.de/10012843448
This paper computes a new financial globalization index for a large sample of countries for 1992-2016. Unlike other … measures, the financial globalization index corrects for the heteroscedasticity of global volatility. This leads to a downward … adjustment of financial globalization trends for developed, emerging, and frontier markets. The paper also shows that financial …
Persistent link: https://www.econbiz.de/10012954311
This paper examines growth spillovers between emerging markets and advanced economies. The empirical results, based on a two-bloc setup and cover 1991 to 2015, are twofold. First, the paper shows that the size of the spillovers running from emerging markets to advanced economies is about a fifth...
Persistent link: https://www.econbiz.de/10012907092