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China's admission into the WTO in 2001 heralded a new era of globalization, increasing both import competition in … during the post globalization period (2003-2019) increased by 11.5% of the corresponding pre-globalization period (1984 … contrast, following globalization, the average aggregate domestic profitability of US firms remained flat, and firms employed …
Persistent link: https://www.econbiz.de/10014512056
, deregulation and liberalization have characterized financial globalization, giving rise to the financialization of the economy …
Persistent link: https://www.econbiz.de/10010228497
We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …
Persistent link: https://www.econbiz.de/10014340224
brought by globalization and the removal of restrictions to the free flow of capital, technology, knowledge, people and … the examination of the impact of globalization on the reached level of competitiveness of the economies of the Western … question raised in the paper is to what extent the process of globalization and the entry of transnational corporations into …
Persistent link: https://www.econbiz.de/10014281930
. There are some indications of globalization in retreat, international trade growth slowing down and a transition from … various trends around global economic integration and pushing towards de-globalization is extremely difficult. This paper aims …
Persistent link: https://www.econbiz.de/10014496726
Globalization, by its proportions, changed the basis and the perspective of the economic life as a fundamental change … action. Globalization is a system where the objective function aims the whole in order to eliminate adversity and competition …
Persistent link: https://www.econbiz.de/10010925938
This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the expansion of global nonfinancial corporate debt after the 2008–09 global financial crisis. Nonfinancial corporate debt steadily increased after the crisis, especially in emerging...
Persistent link: https://www.econbiz.de/10012823367
Outsourcing has become a contentious political issue in the US and other rich countries from where jobs are being outsourced.much of the controversy over outsourcing in the USA is directly linked to the jobs scenario. Does the January 23 Bill mean that America is moving a step away from free...
Persistent link: https://www.econbiz.de/10014054511
In Japan, as in the United States, stocks that are more sensitive to changes in the monthly growth rate of labor income earn a higher return on average. Whereas the stock-index beta can only explain 2 percent of the cross-sectional variation in the average return on stock portfolios, the...
Persistent link: https://www.econbiz.de/10012744447
This study investigates the influence of fintech on developments in China's financial sector across 290 cities and 31 provinces between 2011 and 2018. Using a two-stage least squares instrumental variable regression approach and correcting for cross-sectional dependency, simultaneity, and...
Persistent link: https://www.econbiz.de/10013170250