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This paper explores the effect of globalization on social cohesion outcomes and reviews its underlying mechanisms. I offer a framework to review the literature, in which I identify worker labour earnings, household expenditures and firm productivity as main channels through which globalization...
Persistent link: https://www.econbiz.de/10013290184
Because of its resource and labour intensity, the wood furniture sector presents an opportunity for developing countries and their firms to participate effectively in the global economy. This paper begins with a brief description of the global wood furniture industry and highlights the...
Persistent link: https://www.econbiz.de/10014030089
The objectives of this paper are to investigate the effect of ICT on sustainable development and the mechanisms through … dependent variable. The results show that ICT has a positive and significant effect on sustainable development. Whereas overall … net effects are positive, the findings are contingent on the choice of the ICT measurement, the geographical location of …
Persistent link: https://www.econbiz.de/10012650702
Standard trade theory suggests that the profile of exporting firms is characterized by large firms which dominate domestic productivity distribution. Large manufacturing multinationals have increased their productivity by participating, creating and shaping global production networks. In recent...
Persistent link: https://www.econbiz.de/10012483245
Persistent link: https://www.econbiz.de/10008699910
This paper traces the rise of export-led growth as a development paradigm and argues that it is exhausted owing to changed conditions in emerging market (EM) and developed economies. The global economy needs a recalibration that facilitates a new paradigm of domestic demand-led growth....
Persistent link: https://www.econbiz.de/10009269460
It is an open secret that the two Bretton Woods Institutions (BWIs) – the World Bank and the IMF – are the main architects of structural adjustment programs (SAPs) that are prevalent in much of the developing world. The very nature of "conditionality" – the policy strings that the BWIs...
Persistent link: https://www.econbiz.de/10013119653
U.S. public and private debt is traced to the decision of the First Congress in 1790 to borrow the new nation's money supply. This established a debt imperative that requires debt to grow by compounding interest. When debt fails to grow enough, the economy goes into various degrees of recession....
Persistent link: https://www.econbiz.de/10013121370
Each country faces unique challenges in addressing the COVID-19 pandemic. India's relatively low healthcare resources, limited state capacity, and large population of poor people, many of whom are already burdened with other health issues, pose challenges on every dimension.The present policy of...
Persistent link: https://www.econbiz.de/10012835034