Showing 1 - 10 of 381
We evaluate empirically the impact of the dramatic 1991 trade liberalization in India on the industry wage structure. The empirical strategy uses variation in industry wage premiums and trade policy across industries and over time. In contrast to earlier studies on developing countries, we find...
Persistent link: https://www.econbiz.de/10005825907
context of globalization-a term typically used to describe the phenomenon of growing international trade and financial …
Persistent link: https://www.econbiz.de/10005825974
This Working Paper brings together three papers prepared as background for discussions at the Second High-Level Conference on Asian Integration cohosted by the Monetary Authority of Singapore and the IMF on May 25, 2006. The first documents recent trends in the intraregional flow of goods and...
Persistent link: https://www.econbiz.de/10005826187
The concept of globalization refers to the growing interdependence of countries, resulting from the increasing … process are the international trade and the cross-border investment flows. Economic globalization has increased the … specialization of workers, while the companies compete in global markets. Even globalization has recently become a common topic in …
Persistent link: https://www.econbiz.de/10008740754
This paper documents stylized facts on the process of structural transformation around the world and empirically analyzes its determinants using data on real value added by sector of economic activity (agriculture, manufacturing and services) for a panel of 168 countries over the period...
Persistent link: https://www.econbiz.de/10010790237
Financial globalization has increased dramatically over the past three decades, particularly for advanced economies … principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster …
Persistent link: https://www.econbiz.de/10010790496
countries, the South, driven by the process of globalization?the phenomenon of rising international trade and financial flows … economic activity on the Emerging South has declined during the globalization period (1986-2005). In contrast, the growth …
Persistent link: https://www.econbiz.de/10005769105
in affecting developing countries’ experiences with financial globalization. …
Persistent link: https://www.econbiz.de/10005590880
Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this...
Persistent link: https://www.econbiz.de/10005605034
We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …
Persistent link: https://www.econbiz.de/10005263792