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In this paper, we investigate how de facto financial globalization has influenced the labor share in developing countries. Our main argument is the need to distinguish between different types of capital in this context, as different forms of foreign investment have different fixed costs and...
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We present an empirical restatement of the classical economic theory of imperialism and the origins of World War I … the century, 2) rich wealth holders invested more of their assets abroad, 3) risk-adjusted foreign returns were higher …
Persistent link: https://www.econbiz.de/10012941132
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wealth investors, we document significantly larger investment flows into assets with a high sustainability rating compared to …
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Aggregate household wealth dynamics are closely associated with fluctuations of the economy. However, the linkages … between household wealth dynamics and cross-border financial holdings have remained unexamined. Thanks to the recent assembly … increases in net household wealth are associated with deteriorations of the Net International Investment Position (NIIP). This …
Persistent link: https://www.econbiz.de/10012921962
economic advancement in such a nation state, or further economic dependence. Wealth generation is more than possession but … includes, inter alia, material and spiritual possession which must be sustainable with qualitative transformation of wealth … wealth creation for the purpose of sustainable development, Foreign investors’ duty to self is to have unrestrained wealth …
Persistent link: https://www.econbiz.de/10013406288
In view of rising inequality in fast growing Asian developing countries, it is important to study the relationship between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can bear a complex and non-linear relationship if policy...
Persistent link: https://www.econbiz.de/10010531112
In this paper we explore the relationship between the investments of multinational corporations (foreign direct investment) and income inequality in Mexico. We argue that Mexico's liberalization of foreign direct investment (FDI) inflows in the 1990s provides a natural experiment to test how FDI...
Persistent link: https://www.econbiz.de/10012778003