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This paper studies how comparative advantage and the political elites endowments shape long-run performance in an economy with imperfect political institutions. In a capital-scarce economy, an autocrat catering to the needs of landowners favors openness to trade at an early stage of development,...
Persistent link: https://www.econbiz.de/10013092340
This paper studies how comparative advantage and the political elites' endowments shape long-run performance in an economy with imperfect political institutions. In a capital-scarce economy, an autocrat catering to the needs of landowners favours openness to trade at an early stage of...
Persistent link: https://www.econbiz.de/10011734484
The first wave of globalization, commonly dated from 1870 to 1913, was not only a more gradual phenomenon throughout … the relevance of those factors to economic growth-cum-globalization, which has been overlooked by the literature. The rise … in factor endowments across the world, they fully explain globalization. The analysis calls for further integration of …
Persistent link: https://www.econbiz.de/10012904872
The second wave of globalization, usually dated from 1985 to the Present, is characterized by an increase of the goods … globalization. The analysis calls for further integration of growth and trade theories. Our reinterpretation is fully consistent … with the first wave of globalization and also gives a better framework to estimate the limits of the present globalization …
Persistent link: https://www.econbiz.de/10014145175
In diesem Artikel diskutieren wir die Notwendigkeit von Industriepolitik und die Rolle der Entwicklungsbanken für … wirtschaftliche Entwicklung. Der Aufholprozess der Länder des globalen Südens auf das Produktivitätsniveau und den Lebensstandard des … Erleichterung des wirtschaftlichen Aufholprozesses des globalen Südens als Teil der notwendigen Industriepolitik. Sie können …
Persistent link: https://www.econbiz.de/10012940029
The catching-up of countries in the Global South to productivity levels and living standards of the Global North is the exception. There are two main economic explanations for this. First, developing countries are pushed to low-tech-labor-intensive productions and tasks in global value chains....
Persistent link: https://www.econbiz.de/10012231981
The globalization of the economy has placed tremendous pressure on the modern family. Throughout the developed world … the global economy of the new information age. Globalization of the economy tends to encourage individualism and mobility …
Persistent link: https://www.econbiz.de/10014061574
Persistent link: https://www.econbiz.de/10012940006
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