The purpose of this study is to provide down-to-earth macroeconomic policy implications from the up-to-date estimates of the trade system in the OECD countries. Understanding on the linkages between the world trade mechanism and the macroeconomy is of utmost importance for the post-crisis...

The purpose of this article is to go back to basics of the international balance of payments to take a closer look at the roles of international reserves and related factors in the exchange rate managements of an emerging economy. It is a timely attempt because; (1) international reserves are...

This study attempts to examine the impact of globalization on the income inequality in Asia. The pooled regression results covering eight Asian countries over the period 1970 to 2002, show the regular-U shape with globalization variables. It gives a policy implication for growth, equity, and...

The purpose of this study is to examine the impact of globalization on the income inequality in Europe. The panel estimation results covering 14 European countries over the period 1951-1992, show that foreign direct investment has raised income inequality and that the Kuznets hypothesis is...

This article investigates the impact of globalization on the inequality of Asia. It is the first attempt to examine 11 Asian countries’ panel data allowing nonlinearity between globalization and inequality from 1960 to 2003 with robustness check. We also survey the literature on growth,...