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The 1870-1913 period marked the birth of the first era of trade globalization. How did this tremendous increase in … adoption of the steamship was the major reason for the first wave of trade globalization, 2) only a small number of countries … trade affect economic development? This work isolates a causality channel by exploiting the fact that the steamship produced …
Persistent link: https://www.econbiz.de/10010851482
The Doha Round of the World Trade Organization (WTO) negotiations has been ongoing for 10 years, and given political … arguably requires greater recognition of the value of trade policy disciplines that will be part of any agreement. The WTO is … rules of the game for other trade-related policies. Given the slow progress of the Round, greater emphasis could be put on …
Persistent link: https://www.econbiz.de/10009393231
In the early 1990s, trade and labor economists, noting the fall in wages for low-skilled workers relative to high …-skilled workers, began to debate the impact of trade on wages. This debate—which led to a sometimes heated exchange on the role of … trade versus the role of technological change in explaining wage movements—continues today, with the focus now shifting to …
Persistent link: https://www.econbiz.de/10008632718
Persistent link: https://www.econbiz.de/10005730157
evaluates the significance of globalization for governmental trade policies and public attitudes about regional alliances. …As trade liberalization and the fragmentation of production processes promote greater international exchange of inputs …, economists must adjust their thinking on trade issues. Transport costs have plummeted, and the difficulties of communicating …
Persistent link: https://www.econbiz.de/10004973243
sources into those attributable to productivity events in the core and to globalization forces connecting core to periphery …-1878. There were three forces at work that account for Mexican exceptionalism: first, the terms of trade and Dutch disease effects …
Persistent link: https://www.econbiz.de/10005123574
Persistent link: https://www.econbiz.de/10009622260
a globalized economy to enable us to understand more about how firms respond to globalization or changes in trade and …Trade and investment liberalization has been one of the key features of economic policy in many developing countries … since the 1990s. Research on this subject has consistently produced more evidence on the benefits of globalization …
Persistent link: https://www.econbiz.de/10012007515
We set up a dynamic stochastic model of a stylized economy comprising a final output sector (with traditional and modern firms) and an intermediate goods sector. It is shown that market integration reduces the volatility of the rate of return of capital invested in modern firms. The induced...
Persistent link: https://www.econbiz.de/10011793622
. Finally, we use the gravity model to explore the interrelationship between bilateral trade and migration, with special …In this chapter, we provide an overview of the relationship between international migration and international trade as … proportions model about the positive and normative effects of migration, compared to trade. Subsequently we turn to a detailed …
Persistent link: https://www.econbiz.de/10014025432