"Development and Social Change: A Global Perspective describes the dramatic acceleration of the global and political economy in a story that has four parts: colonialism, the development era, the current era of globalization, and global counter-movements for equity and sustainability. The text,...

In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. This paper provides a comprehensive empirical evaluation of the patterns of risk sharing among different groups of countries and examines how international...