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The emergence of global value chains (GVCs) has opened up the possibility of functional specialisation as a new dimension of the international dimension of labour. Along with the usual gains from trade associated with specialisation according to comparative advantages, the functional...
Persistent link: https://www.econbiz.de/10012154255
The notion of ‘shared growth’ was introduced by the World Bank in recognition of East Asia’s rapid growth accompanied by poverty reduction. It emphasizes the criticality of pro-poor policies and institutional setups in the fast-developing East Asian economies. The efforts of these...
Persistent link: https://www.econbiz.de/10010284765
Growth in emerging market economies (EMEs) is set to durably slow from the rates observed over 2010-12 as cyclical effects fade, potential growth declines and external financing conditions tighten. Large negative current account balances make some EMEs vulnerable to sudden reversals in capital...
Persistent link: https://www.econbiz.de/10010374413
In recent decades, financial liberalization has been one of the most important strategies for Asian countries to promote growth. However, debate emerges following several financial crises on whether liberalizing financial markets and allowing for free access to international capital markets,...
Persistent link: https://www.econbiz.de/10010462236
For developing countries with advanced societies and growing economies, it is essential to accurately assess the technological innovation effect of capital goods imports on regional development quality. This study explores the path of high-quality urban development from the perspective of...
Persistent link: https://www.econbiz.de/10014506502
The relationship between foreign direct investment and economic growth in developing nations is examined in the study that follows. Turkey and Egypt are the main subjects because of their similarities in terms of history, politics, and the economy. An overview of FDI, including its types,...
Persistent link: https://www.econbiz.de/10014237907
globalization the cause of the widening gap between rich and poor? The empirical results of several studies indicates that trade … liberalization is a powerful tool to achieve consistent economic growth, contrary to what this evidence says about globalization and … financial innovation. This rapid growth of globalization, liberalization has been enough to achieve development? This paper aims …
Persistent link: https://www.econbiz.de/10013035999
North-South foreign direct investment (FDI) is frequently viewed as a process in which jobs relocate from the North to the South. I build a growth model with two asymmetric trading economies, the North where firms innovate and the South where Northern firms invest to take advantage of lower...
Persistent link: https://www.econbiz.de/10011816895
manufacturing trade, have gone further and that this is likely one of the key determinants of better economic performance of China … still persists which likely adds to the hurdles faced by the Indian manufacturing sector. India has revealed a comparative …
Persistent link: https://www.econbiz.de/10011807627
This paper investigates the effects of manufacturing and of the real exchange rate (RER) on real per capita income … countries from 1990 to 2011. Three important results can be highlighted. First, we provide new evidence that manufacturing is … RER on the real per capita incomegrowth rate. Finally, the manufacturing industry's output multipliers and employment …
Persistent link: https://www.econbiz.de/10012288231