A 2-country model with two groups of agents, workers and capitalists is presented in which economic integration results in an initial phase of catch-up, where the less industrialised country experiences the rise in both capital and labour income. Then, after a certain level of integration has...

This paper shows that in ation in industrialized countries is largely a global phenomenon. First, the inflation rates of 22 OECD countries have a common factor that alone accounts for nearly 70 percent of their variance. This large variance share that is associated with Global Inflation is not...

Vor dem Hintergrund der voranschreitenden Integration der Märkte zu einem weltumfassenden Wirtschaftssystem sowie der zunehmenden Transnationalisierung sozio-kultureller Beziehungen beschäftigen sich Sozial- und Wirtschaftswissenschafter, die die Folgen dieser Globalisierungstrends...