The globalization of capital and product markets has many implications for economic welfare. Countries can specialize …, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid …

It is for good reasons that economic policymakers have rejected demands by globalization sceptics to fundamentally …

. We discuss whether the initiatives may mark the start of a new protectionist era. We argue that standard globalization … against the globalization process. We discuss the benefits of globalization benefits in terms of lower prices for consumers, a …

Globalization improves the prospects for developing countries (DCs) to catch up economically with industrialized … countries. But not all DCs will automatically benefit from globalization. Some DCs even face the risk of being delinked from the … between rich and poor countries in the world economy. Many observers draw an overly pessimistic picture of the perspectives of …

Globalised markets and production patterns offer favourable opportunities to raise world income. Yet globalisation also … prepared to meet the challenge of fiercer competition on world goods and factor markets. In industrialised countries, low … countries could have raised their share in world welfare gains if they had committed themselves more strongly to binding trade …

measured by the World Bank's Country Policy and Institutional Assessment (CPIA). If the CPIA is replaced by the Kaufmann index …