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Globalization disrupted the seemingly solid construction emerged in the aftermath of WW II, called the international …. Globalization has muddied the waters. The contemporary order in which multinational companies make the rules has made these …
Persistent link: https://www.econbiz.de/10012157236
We construct a theoretical model to capture the compensation and efficiency effects of globalization in a set up where … globalization- trade liberalization and financial openness- could potentially have different effects on taxation. We then provide … some empirical evidence on the relationship between taxation and the alternative modes of globalization using a large cross …
Persistent link: https://www.econbiz.de/10011996405
The world economy has become more open and integrated in recent years. Countries are more engaged in international trade and the importance of tradables relative to non-tradables in national output is rising everywhere. Capital flows more freely among countries and workers cross borders more...
Persistent link: https://www.econbiz.de/10014058255
We review a recent body of theoretical work that aims to put numbers on the consequences of globalization. A unifying … globalization. …
Persistent link: https://www.econbiz.de/10014025382
Over the last three decades the global economy has expanded in a remarkable fashion. While nominal world GDP has increased four times, world bilateral trade flows have grown more than six-fold, and the stock of foreign direct investment (FDI) has grown by roughly 20 times since 1980. The sources...
Persistent link: https://www.econbiz.de/10014215997
The COVID-19 pandemic and the conflict in Ukraine have brought to the surface problems of the modern world that the international community has not seriously addressed. These problems appear to be, on the one hand, the management of global public health and, on the other, relations between...
Persistent link: https://www.econbiz.de/10014255467
Most of the expansion of global trade during the last three decades has been of the North-South kind – between capital-abundant developed and labour-abundant developing countries. Based on this observation, I argue that the recent growth of world trade is best understood from a...
Persistent link: https://www.econbiz.de/10013102088
The extent to which a country can bene t from trade openness crucially depends on its ease of reallocating resources. However, we know little about the role of domestic frictions in shaping the e ects of trade policies. I address this question by analyzing the impact of tari reductions on the...
Persistent link: https://www.econbiz.de/10011566100
Goods trade and international mobility of labor are typically analyzed separately. While there is excellent research in both fields, far less is known about the interrelationships between international migration and international trade. This paper provides a first structurally estimable model of...
Persistent link: https://www.econbiz.de/10010487728
Trade liberalization is often met with sharp opposition. Recent examples include the so-called "Bolkestein" directive, which allows service providers from a given EU member to temporarily work in another member country. One way to view such a reform is that it simply widens the range of goods...
Persistent link: https://www.econbiz.de/10002852797