Showing 1 - 10 of 20,390
Current account imbalances and their sustainability are among the most debated international policy issues. Through the recently designed External Balance Assessment methodology (EBA), the IMF estimates the impact of several countries' fundamentals and policies on their current account balance,...
Persistent link: https://www.econbiz.de/10013059729
As we can understand with the spread of GVCs, a lot of new questions emerge regarding the measurement of participation … and positioning in the globalised production process. The World Development Report (WDR) 2020 explains the GVC phenomenon … and then focus on participation and the prospects especially in a world of change in technology. From the overview section …
Persistent link: https://www.econbiz.de/10013244564
We show that traditional gravity variables play a significant role in explaining trade flows related to global value chain participation. We find evidence that cooperation costs - measured by linguistic and geographical proximity - are more relevant for trade that reflects cross-border...
Persistent link: https://www.econbiz.de/10011647903
This paper analyzes the transmission from global commodity to domestic food prices for a large set of countries. First, a theoretical model is developed to explain price transmission for different trade regimes. Drawing from the competitive storage model under rational expectations, it is shown...
Persistent link: https://www.econbiz.de/10014145628
Could foreign direct investment (FDI) contribute to improving developing countries' participation in global value chains (GVC)? This is the main issue addressed in this paper. Indeed, FDI seems to be, at least theoretically, a mean to speed up developing countries' participation in GVCs in a...
Persistent link: https://www.econbiz.de/10012825914
some parts of the world that also dwarfed anything seen up to that point. Also, the massive differences in how countries … although the COVID-19 pandemic might not fundamentally alter the current globalization model, it could serve as a catalyst for …
Persistent link: https://www.econbiz.de/10012591769
Digitalization and shifting patterns of globalization are fast changing the rules of the game for countries embarking … Transformation Database with the UNCTAD EORA data set, World Development Indicators, and Penn World Tables. Structural transformation …
Persistent link: https://www.econbiz.de/10014280598
Although global value chains (GVCs) are often considered a defining feature of the current wave of globalisation, little is known about: i) what drives GVC participation; ii) what the benefits associated to growing participation are; or iii) how developing countries engage and benefit from GVCs....
Persistent link: https://www.econbiz.de/10011403527
Second World War and of China during more recent decades as being the result of selective protection and industrial targeting …
Persistent link: https://www.econbiz.de/10012846238
127 advanced and developing countries. We provide evidence that this is a result of an increase in financial globalization … (stock of external assets and liabilities). This dominates the effect of an increase in trade globalization (exports plus … shocks we show that the theoretical impact of financial and trade globalization on the correlation between capital inflows …
Persistent link: https://www.econbiz.de/10014048618