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To overcome problems produced by globalization, some people see the solution in a World Government while others see it in an autarchic global market without any government intervention. Both solutions are rejected due to their major shortcomings. Two superior solutions are proposed: (1) A net of...
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before the World Trade Organization (WTO), and has generally been found to be inconsistent with the WTO obligations of the …
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This paper analyzes the role of the United States in the global economy and examines the extent of global spillovers from changes in U.S. growth, monetary and fiscal policies, and uncertainty in its financial markets and economic policies. Developments in the U.S. economy, the world's largest,...
Persistent link: https://www.econbiz.de/10011696319
The United States' large and sustained trade deficit with Asia raises concerns in the United States about its … competitiveness in the region. The purpose of this paper is to examine the patterns of U.S. trade relationships with China and India … world. Second, we examine the role of multinational corporations in facilitating the trade flows between the U.S and these …
Persistent link: https://www.econbiz.de/10011807626
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Manufacturing accounts for more than three-quarters of U.S. corporate patents. The competitive shock to this sector emanating from China's economic ascent could in theory either augment or stifle U.S. innovation. Using three decades of U.S. patents matched to corporate owners, we quantify how...
Persistent link: https://www.econbiz.de/10012119210