This paper reviews the critical issues concerning the establishment of a global system of labor standards. Global labor standards have gained a renewed prominence in policy debates with the rise of the new international division of labor, in which developing countries are producing an...

We investigate the determinants of capital flight from 30 sub-Saharan African countries, including 24 countries classified as severely indebted low-income countries, for the period 1970-1996. The econometric analysis reveals that external borrowing is positively and significantly related to...

Globalization – viewed as a process of economic integration that embraces governance as well as markets – could lead to worldwide convergence toward higher or lower environmental quality, or to environmental polarization in which the ‘greening’ of the global North is accompanied by the...

Between 1995 and 2000, inflation-adjusted federal corporate income taxes grew an average of 2.0 percent a year; the annual average for state and local corporate tax revenue actually declined by 0.12 percent during the same period. A number of statelevel studies have documented this decline by...

The South African Reserve Bank and Ministry of Finance have adopted inflation targeting and the gradual relaxation of exchange controls (along with control of public spending and financial liberalization) as the foundation of their economic policy in an attempt to win the confidence of foreign...

The aim of the paper is to compare the relationship between distribution, growth, accumulation and employment in Turkey and South Korea. These countries represent two different export-oriented growth experiences. The results of the adjustment experiences of both countries are in striking...

Foreign outsourcing, otherwise known as off-shoring, has become a matter of intense public debate and great concern in the United States presidential contest, especially in light of the large job losses experienced by U.S. workers since George Bush became president. Yet, there is a lack of good...

This paper analyzes the changes in the wage share in manufacturing industry in Mexico, Turkey, and Korea in the era of globalization. The author assesses the effects of globalization on the wage share, as measured by the effects of international trade and foreign direct investment (FDI)...

This paper aims to provide a descriptive and analytical account of the extent to which agriculture in the developing economies has become integrated with external markets. For most developing economies (DEs), the 1980s were a time of crisis when liberal reforms, including domestic and external...

This paper examines the correlates of rentier returns – returns to the ownership of financial assets – in a sample of OECD countries between 1960 and 2000. The authors develop a simple bargaining model among three classes – industrial capitalists, rentiers and workers – and show that...