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In this paper, we present the root cause of the American financial crisis in 2007. We show that financial integration and capital flow volatility is the factor that creates a climate conducive to the emergence of the crisis in the USA and led to its spread to the rest of the world. On the...
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This research examines the linkages between trade, financial openness, and economic growth in China from 1992 to 2021, using Granger causality analysis in the ECM model to identify the trend of a causal relationship between the variables. The results confirm the validity of export-led growth and...
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Globalization is a process often identified with the economic integration of countries, the creation of a single market … while neglecting other aspects of globalization. Besides its economic dimension, The KOF index of globalization includes the … the international market in the age of globalization. Is it challenging to maintain a stable competitive position in the …
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