This paper argues that openness to goods trade in combination with an unequal distribution of political power has been … provision of schooling are typically lower in an open than in a closed economy. Moreover, we find that, under openness to trade …, development is faster in a democratic system. We also endogenize the trade regime and demonstrate that, in political equilibrium …

Anger and optimism are coexisting themes related to the growing liberalization of international trade and the resultant … transforming forces of globalization. While international trade and globalization offer the world community many benefits, there … also appear to be negative consequences, particularly for least developed countries (LDCs). With increased trade and …