We construct a new global commodity-level export dataset to analyze the persistence of export patterns as proxies of productive capabilities across the first and the current waves of globalization. We find that productive capabilities are path-dependent and historical capabilities are powerful...

This paper is an attempt to provide an ideological postulation of Adam Smith and Karl Marx on globalization. This paper gives a fair picture of the different dominant nations over a period of time from sixteen century till 2010. The industrialzation in Europe and later on in North America...

The activities of multinational enterprises drive the economic globalization process to a very large degree. This paper lists some facts about their dominant role in all channels of globalization. Therefore, the importance of multinational enterprises in foreign direct investment and production...

Investment liberalization in emerging economies has exponentially increased the market for cross-border merger and acquisition over the past few years. while industrialized countries across the world account for more than 80% share of the total value, East Asian Developing countries were also...

We exploit an extensive database on more than 32,000 greenfield projects over 2003-2020 to examine how the composition of greenfield FDI inflows into the EBRD regions has changed over time, and what this implies for employment generation, inequality and spatial disparities. Our results suggest...

We study the relationship between cross border flows and risks to macroeconomic stability for a sample of ten major emerging market economies (EMEs) from 2000-2017 in the presence of external shocks. We examine this relationship with a focus on two key channels of cross border flows, namely...