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This paper analyzes the role of investment policies in regimes undergoing trade liberalization with policy makers of uncertain credibility. We consider an economy producing exportable and importable goods. The economy is liberalized, and tariffs are eliminated. The public views the reform...
Persistent link: https://www.econbiz.de/10012475420
This paper analyzes the role of investment policies in regimes undergoing trade liberalization with policy makers of uncertain credibility. We consider an economy producing exportable and importable goods. The economy is liberalized, and tariffs are eliminated. The public views the reform...
Persistent link: https://www.econbiz.de/10013229815
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People passionately disagree about the nature of the globalization process. The failure of both the 1999 and 2003 World … official, international organizations like the WTO, the International Monetary Fund (IMF), the World Bank, nongovernmental and … commitments from developed countries. Challenges to Globalization evaluates the arguments of pro-globalists and anti …
Persistent link: https://www.econbiz.de/10014488302
An increased foreign capital inflow into a protected sector is generally immiserizing. We show that if the protected sector produces an intermediate input, positive welfare effects may emerge. A striking result is that it might lead to an increased import-demand for the intermediate input which...
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