for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …

During the 1997/98 Asian crisis and the 2007-2010 world financial and economic crisis, China has proved to be a … stabilizer for East Asia and the world. The paper stresses the crucial role of the dollar peg for macroeconomic stability in …, East Asia and the world economy. Distortions originating in real exchange rate stabilization are identified and are argued …

deteriorating wage and employment prospects in the process of globalization. The adjustment to fiercer competition from below … automobile industry, largely due to the resistance of trade unions. As a result, the employment record and the world …