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This paper is an attempt to provide an ideological postulation of Adam Smith and Karl Marx on globalization. This paper … industrialzation in Europe and later on in North America changed the pattern of demand in the world market. The two World wars and … Great Depression had shifted the economic power center from Europe to USA. The major political division of the world after …
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The Institute of World Economy and International Relations (IMEMO) of the Russian Academy of Sciences, Moscow, and the …
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We study how foreign financial developments influence the conditional distribution of domestic GDP growth. Within a quantile regression setup, we propose a method to parsimoniously account for foreign vulnerabilities using bilateral-exposure weights when assessing downside macroeconomic risks....
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