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We revisit the effects of globalisation over the past 50 years in a large sample of advanced and emerging countries. We use accessions to \Globalisation Clubs" (WTO, OECD, EU), financial liberalisation and an instrument for trade openness to study the trade-off between efficiency (proxied by...
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institutions” which have often been criticized for not having provided solutions to economic troubles. The role of the World Trade … world has drastically changed since the end of the Second World War and also (partially) from the 1995 period when the WTO …
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