East Asian economies had shown remarkable performance of high growth and low inequality, thereby forming a separate East Asian capitalism group within the VoC (variety of capitalism) typologies. There are strong signs that these economies have recently been converging to the LME (liberal market...

Los flujos de capital han aumentado notablemente en los últimos años y son un aspecto clave del sistema monetario mundial. Ofrecen beneficios potenciales a los países, pero su tamaño y su volatilidad también pueden plantear problemas de política. El Fondo debe estar en condiciones de...

This paper examines questions related to possible capital account liberalisation in the Mediterranean countries. First, we provide an overview of the extent to which these countries have capital controls along with their exchange rate regimes and some basic macroeconomic aggregates. Second, we...

Offshore financial centers are inextricably linked with the global flow of capital. Offshore financial centers encourage short-term investment by reducing market frictions. Lowered tax rates diminish the required expected gains from trading. This study employs data from the IMF's Coordinated...

Both academic researchers and policymakers posit a unique role for the US in the inter-national financial system. This paper investigates the characteristics and determinants of US cross-border financial flows and examines how these contrast with those of the rest of the world. We analyse the...

Globalization is the economic policy of integration of national economies with global economy on the basis of free market competition. It is a neoliberal prescription for industrialization and growth of the emerging economies of the South and a project of capital accumulation for the capitalist...

Despite some notable achievements in many parts of the planet the gap between the rich and the poor has become wider rather than tighter. On the political sphere success seems much more unequivocal, though. Indeed, beyond a handful of anachronistic exceptions, the world seems to have surrendered...

This paper analyses both the recent transformations of capitalism in Latin America and the popular resistances of mass movements and class organizations. The revolutionary progresses observed on this continent are also examined, in particular the failure of the FTAA, the opening of the ALBA, the...

Because robots are classified as capital, the replacement of human tasks with robots increases the capital–labor ratio, and the resulting change in the rate of return on capital affects international capital flows. Using panel data for Germany, a major robot-exporting country, this paper shows...

The introduction of Africapitalism, a concept coined from Africa and capitalism throws up a lot of discussion among capitalists and policy makers in Africa who for a long time now have tried several strategies without success to attract and retain investments on the African continent. The...