The rise of China as an economic and political "driver" of the global economy is likely to be one of the defining moments of world history. Its dynamism and international expansion are on the verge of creating a "critical disruption" in the global order that has held sway for over 60 years. As...

Economists around the world rely in addition to official statistics on business (and consumer) surveys, which are more up-to-date. However, for many emerging and developing countries there is a lack of such surveys. This gap can, at least partly, be filled by the Ifo World Economic Survey (WES)....

This paper examines the determinants of individual intentions to migrate abroad by using a recent global survey and by exploiting both within and cross-country variation in standard migration drivers. The sample includes more than 1 million individuals, drawn as representative samples from 159...

This paper examines the determinants of individual intentions to migrate abroad by using a recent global survey and by exploiting both within and cross-country variation in standard migration drivers. The sample includes more than 1 million individuals, drawn as representative samples from 159...

The COVID-19 crisis is unique in many respects and, as the IMF (2021, p. 43) puts it: "a crisis like no other". A global economic contraction occurred that was unprecedented in its speed and depth. Support packages were put together in some parts of the world that also dwarfed anything seen up...

Industrialization is vital for inclusive and sustainable global development. The two engines of industrialization – innovation and trade – are in danger of being compromised by the COVID-19 pandemic, under conditions increasingly reminiscent of the medieval world. It comes at a...

Thomas Friedman has argued in The World is Flat that those who deny rapid globalization will not survive in the global economy. First, we critically discuss Friedman's views and highlight the new globalization driven by outsourcing and vertical specialization. Second, we argue that Friedman pays...

The class and social structure of developing nations has undergone profound transformation in recent decades as each nation has incorporated into an increasingly integrated global production and financial system. National elites have experienced a new fractionation. Emergent...

Extant literature indicates that technology, and by implication its underlying knowledge base, determines long-run economic performance. Absent from the literature with respect to developing countries are quantitative assessments of the nexus between technology as knowledge and economic...