Globalisation can be a threat or an opportunity, depending on a country’s trade mix and its economic and regulatory structure. This paper assesses which EU countries are most exposed to globalisation using, among other indicators, measures of revealed comparative advantage. It then looks at...

What is the impact of movement towards free trade on output? Can this impact permanently affect output levels, and more importantly, will it have an impact on steady-state growth rates? This paper provides empirical evidence showing how countries have exhibited substantial increases in their...

On September 27, 2007, the Oesterreichische Nationalbank (OeNB), The Vienna Institute for International Economic Studies (wiiw) and the Austrian Federal Economic Chamber held a one-day workshop entitled “International Trade & Domestic Growth: Determinants, Linkages and Challenges.” The...

Many countries have failed to use natural resource wealth to promote growth and development. They have been damaged by volatility of revenues, have failed to save a sufficiently high proportion of their resource revenues and failed to make high return investments to support diversification of...

La tesis central de este trabajo es que un proceso exitoso de desarrollo capitalistanacional, en el contexto de un mercado mundial caracterizado por la existenciade múltiples monedas nacionales y dividido en países desarrollados hegemónicosdel Primer Mundo y países subdesarrollados...

Highlights: The European Union growth agenda has become even more pressing because growth is needed to support public and private sector deleveraging, reduce the fragility of the banking sector, counter the falling behind of southern European countries and prove that Europe is still a worthwhile...