The many and varied crises in the world economy since 2007 seem to have different origins and diverse manifestations …

percent). Since the impact of convergence on the supply side is much more muted, convergence puts upward pressure on world … food prices, partially offsetting a baseline trend toward falling world food prices to 2050 …

rest of the world. Second, this convergence process will be accompanied by a widening of income distribution in two … potential anti-globalization sentiment is the emergence of a global middle class: a group of consumers who demand access to, and …

Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly … relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the … way it is often measured, it has also led to the misperception that financial globalization in emerging markets has been …

(the VIX, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain … common factors exhibits a "globalization" stage up to 2007, during which they acquire growing importance, followed by a phase …

The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …

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 …